Publication Date:
Thu, 2010-06-24 19:09
Angela Merkel on Thursday told public broadcaster ARD her government's plan to save ¤80 billion ($100 billion) by 2014 is growth-oriented. She pointed out that Germany's 2010 budget was still promoting growth as stimulus measures were taking effect, "doing a lot more for reviving the world economy" than most other countries.
Merkel's Finance Minister Wolfgang Schaeuble also defended the decision to scale back spending, saying in an editorial for German daily Handelsblatt that governments "should not become addicted to borrowing as a quick fix to stimulate demand."
Taxonomy upgrade extras:
