China Financial Daily

German Finance Ministry denied that the Government in mid-February to determine the new banking rescue plan
The spokesman of German Finance Ministry, Stefan Olbermann denied the report that in mid-February the Government to identify new banking rescue plan and the establishment of the so-called “bad bank”. The spokesman said that the Government did not consider the establishment of a bad bank, because the Government would not allow the incident to re-occurre of taxpayers to bear the loss; the Government still believed that the existing tools were adequate for the financial industry to provide effective support.

ＲＷＩ: the stimulus plan of German government will effectively stop the economic recession
Xinhua in Frankfurt on January 22nd: German RWI – the famous economic research institute on 22nd said the second economic stimulus plan of German government will be able to obviously inhibit the current economic recession. According to the calculations of RWI, the economic stimulus plan of German government will play an active role, so that in 2009 Germany economic growth rate would increased by 0.5 percentage points, at the same time would create 125,000 jobs. RWI also said that the government stimulus plan in 2010 would add 267,000 jobs.

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