BERLIN (MNI) – German Economics Minister Philipp Roesler opposes
demands for new economic stimulus programs in the case of an eventual
cyclical downturn, the German daily Die Welt reported Friday.
“Demands for new debt-financed programs, as they are partly raised
internationally, are counterproductive in the environment of the current
confidence crisis in many debtor countries,” Die Welt cited from an
Economics Ministry working paper.
In the working paper, the ministry argues that despite the recent
slowdown in domestic GDP growth, underlying momentum is stronger than it
appears, Die Welt wrote.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
[TOPICS: M$X$$$,MGX$$$,M$$CR$,M$G$$$]
