Germany signals belt-tightening but no tax rises in budget compromise

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German Finance Minister Christian Lindner signalled the government would need to make savings worth a double digit billion euros to help solve a budget crisis, though data on Friday showed growth shrinking in Europe's largest economy. Lindner plans to lift self-imposed limits on borrowing and present a supplementary budget next week after a constitutional court ruling wiped billions from the federal budget and forced the government to freeze most new spending commitments.