The largest stimulus package in postwar German history -- and the second such package since the start of the current financial crisis -- was passed on Friday by the German parliament's lower house, the Bundestag.

The bill calls for €50bn in public investments, tax breaks and even cash handouts to junk old cars. It now heads for a vote by the upper house of parliament in a week. As a result of the package, Germany will have to take a record of €36.8bn in new loans for 2009.

Spiegel Online