Chancellor Angela Merkel defends the governments draft budget that involves record levels of new debt

The German Bundestag is continuing its debate on the 2010 budget today. Chancellor Angela Merkel has been addressing the chamber. She has been defending a draft budget put forward by Finance Minister Wolfgang Schäuble on Tuesday - that involves record levels of new debt. The budget foresees the new debt rising to nearly 86 Billion euros, or 4 percent of GDP.