Germany Tries More Aid

German Chancellor Angela Merkel and colleagues announced on Tuesday a second stimulus package to get the economy beyond recession.Germany entered the worst recession since World War II in Q3 of 2008.The first package was worth 32 billion euros;the second is worth 50 billion.Finance Minister Peer Steinbrueck called the new plan the biggest package the Federal Republic of Germany has ever seen.The package,which was agreed late Monday,involves a mix of investment spending and tax cuts,including incentives for new car buyers.The German economy may contract 3% in 2009,with unemployment possibly surpassing 9%,according to experts.Flagging demand for German products both at home and abroad has hindered an economy that the rest of Europe saw as a model of strength.