Speaking in Berlin

  • Will adhere to EU budget rules, and have a safety margin (flicks nose at France, Italy and the rest)

The finance ministry have just released their latest Stability Council report.

  • 2016 will see a budget surplus of 0.75% of GDP

  • Debt to GDP top drop below 70% to 68%, first time below 70% in 8 years

  • Structural budget close to being balanced or in surplus through 2020