Merkel Says Government Will Announce `Bold' Stimulus Package

By Brian Parkin

Oct. 29 (Bloomberg) -- Chancellor Angela Merkel said the German government will announce a ``bold'' package of measures to bolster the economy amid a global slowdown.

The package will be ``targeted, bold and sustainable,'' Merkel said today in a speech in Berlin to members of the BGA wholesalers and exporters group. The Cabinet is scheduled to discuss the stimulus package on Nov. 5.

To contact the reporter on this story: Brian Parkin in Berlin at bparkin@bloomberg.net.