Germany insists with a 2015 balanced budget despite slower growth forecast

Wednesday, October 15th 2014 - 08:28 UTC

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German Chancellor Angela Merkel on Tuesday rejected calls for Berlin to ditch its plans for a balanced budget next year and to instead invest more in order to shore up the faltering German and Euro zone economies. On Tuesday Germany slashed its 2014 growth forecast from 1.8% to 1.2%. Read full article

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Briton
invest more in order to shore up the faltering German and Euro zone economies.

Got it it in one.
Oct 15th, 2014 - 01:13 pm - Link - Report abuse 0
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Britworker
They got that right about creaking infrastructure, has anyone used the underground in Berlin? Lets just say that formica walled carriages were a bit of a shock to me in the EU powerhouse. In fact I found Berlin a naff in every respect when compared to a city like London.

Germany seems to think that it is immune to the impending calamity of the Eurozone. They are on the cusp of a triple dip recession, I also understand that Italy's debt will very soon become unserviceable and their anti-EU movement is rapidly gathering strength and demanding their Lira back.

When this all ends it's going to be very messy indeed.
Oct 15th, 2014 - 07:37 pm - Link - Report abuse 0
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Briton
Lets hope we aint part of the mess when it happens.
Oct 16th, 2014 - 12:38 pm - Link - Report abuse 0
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Englander
The EU is dragging down the World economy.
Oct 16th, 2014 - 06:04 pm - Link - Report abuse 0
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