German coalition parties agree €130 billion stimulus package

BERLIN (Reuters) - Chancellor Angela Merkel's ruling coalition on Wednesday agreed a bumper stimulus package to speed up Germany's recovery from the coronavirus pandemic, overcoming differences on incentives to buy new cars and relief for highly indebted municipalities.Speaking at a news conference after marathon talks that extended well into the night, Merkel said the package would amount to 130 billion euros (£116 billion) and include lower value-added tax (VAT) to boost consumption."The size..