German government announces second stimulus package

BERLIN: Germany's government finalised Monday a second stimulus package aimed at lifting Europe's biggest economy out of its worst postwar recession, a senior member of junior coalition partner the SPD said.

The package agreed by Chancellor Angela Merkel's CDU conservatives and the SPD was expected to be worth some 50 billion euros (67 billion dollars), and is the second attempt by Berlin to boost flagging growth.

Peter Struck, head of the SPD in parliament, said after late night talks in Berlin that the package included 17-18 billion euros worth of infrastructure investment.