Schaeuble rebuffs calls for German stimulus

Schaeuble rebuffs calls for German stimulus

Press quote (Reuters)
09 September 2014
...Merkel and Schaeuble have made clear the strict new targets must be met for Berlin to be set a credible example for the rest of Europe.

"Germany has ample financial room to spend more, and a boost in public investment would help the domestic as well as the European economy," said Christian Odendahl, chief economist at the Centre for European Reform.

"But the chances of any substantial stimulus look slim. Overachieving on budget consolidation has become something of a religion in Berlin," he added.