Jens Weidmann, in an interview in the Sueddeutsche Zeitung, opines that the government’s budget plans for 2013-2016 lack ambition and could have made faster headway in reducing deficit.
Merkel’s cabinet yesterday approved plans that aim for a balanced budget in 2016.
Weidmann says in the interview “It is not exactly ambitious for the federal structural deficit to grow this year and for the government to want to balance its’ budget only in 2016.”
