Berlin - The three parties supporting German Chancellor Angela Merkel agreed late Monday in Berlin on a fresh round of stimulus for the weakening German economy, sources at the meeting said.
Senior officials said the governing parties had committed to a huge wave of spending likely to inject 50 billion euros (66 billion dollars) into the economy as well as a massive government fund to boost struggling industries with loans and guarantees.
The "credit and guarantee fund" will reportedly be worth 100 billion euros (135 billion dollars).
Officials said its name would be a way of stressing that it was not a vehicle for taking industries into government ownership.