#1 Germany defies calls for stimulus03-13-2013, 11:43 PM
By Quentin Peel in Berlin, Hugh Carnegy in Paris and Peter Spiegel in Brussels
Germany has ignored calls from its eurozone partners for more economic stimulus by tabling plans to cut spending and balance its budget ahead of schedule on the eve of an EU summit dedicated to growth.
Wolfgang Schäuble, German finance minister, said on Wednesday that his budget for 2014, involving spending cuts of more than €5bn to trim the total below €300bn, was “a strong signal for Europe”.
If they could get rid of the Euro they would stand a chance of becoming a booming economy someday. It looks like we will become the Wiemar Republic.
|« Previous Thread | Next Thread »|