Germany's 54 billion euro ($59 billion) plan to reduce carbon emissions is too small to make a difference, an analyst told CNBC Monday.
Friday's announcement followed an earlier decision to help regions hit by the phasing out of coal, a policy set to cost Germany an estimated 40 billion euros. "The sums may sound large.
For Germany, a balanced budget — one where revenues match or outweigh expenditure — and price stability are pillars of the nation's collective psyche, which still has memories of the hyperinflation that crippled the Weimar Republic in the 1930s.
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