Germany ready to ditch balanced budget in case of recession - Spiegel

BERLIN (Reuters) - Germany's right-left coalition government would be prepared to ditch its balanced budget rule and take on new debt to counter a possible recession, Der Spiegel magazine reported on Friday.Fears are mounting that Europe's largest economy could slide into a recession after slumping exports due to a global slowdown, tariff conflicts and Brexit fears translated into a contraction of 0.1% in the second quarter.Germany has had a balanced budget since 2014, a fiscal rule introduced..