BERLIN (MNI) – German Chancellor Angela Merkel once again defended
her government’s budget consolidation course in an editorial piece for
German business daily Handelsblatt published Wednesday.
“A credible consolidation is an important pre-condition for
self-sustaining growth,” Merkel argued. “It creates more leeway for the
government and private investors and allows central banks to keep
interest rates low as long as possible.”
Moreover, solid public budgets strengthen confidence in the euro,
the Chancellor asserted.
In Germany, as in many other countries, economic growth is gaining
increasingly momentum, Merkel observed. “Thus, it is now the right
moment to gradually start exiting from the crisis measures,” she
reckoned.
— Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com —
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