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Fitch says Germany’s latest reform package is positive for public finances over the longer term & for the economy, but falls short of being transformative, Pension and healthcare reforms should help to put the public finances on a more sustainable footing
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Fitch views Germany's reforms as positive for long-term fiscal sustainability but warns of credit rating risks if expansionary spending is not met with sustained economic growth.
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If large fiscal easing is not accompanied by a lasting improvement in growth prospects, pressure on the rating would increase.
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