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One News Page » Category » Europe » Saturday, 7 November 2009 » Federal employment agency facing billions in deficit

Federal employment agency facing billions in deficit

Reported by Deutsche Welle
on Saturday, 7 November 2009
(2 weeks ago)

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The German federal unemployment agency is in the red, looking at billions in losses for 2010.
Short term worker programs and companies going bankrupt have put more of a drain on the budget than anticipated.

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