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Pressure Mounts on Merkel for Bigger Fiscal Boost
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| Parent(s) |
Candidate
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| Contributor | Jason |
| Last Edited | Jason Dec 09, 2008 09:46pm |
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| Category | News |
| Media | Newspaper - Wall Street Journal |
| News Date | Wednesday, December 10, 2008 03:00:00 AM UTC0:0 |
| Description | BERLIN -- German Chancellor Angela Merkel is facing mounting pressure to boost her stimulus plans for Europe's largest economy and reverse a thrifty strategy that has her out of step with other nations.
She will likely be challenged on the point when European Union leaders gather for a summit Thursday. On Monday, U.K. Prime Minister Gordon Brown and French President Nicolas Sarkozy met to discuss policies to revive the European economy -- without inviting the German chancellor. Both men have announced ambitious fiscal, regulatory and other initiatives in response to the financial crisis, while Ms. Merkel's fiscal boost for Germany's €2.5 trillion ($3.2 trillion) economy includes only €4 billion of fresh money next year. |
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