Germany sees no need for stimulus to tackle slowdown: spokesman
Reuters
Published Apr 15, 2019 06:17AM ET
Germany sees no need for stimulus to tackle slowdown: spokesman
BERLIN (Reuters) - The German government sees no need for a stimulus package to reinvigorate Europe's biggest economy, a spokesman said on Monday.
"We have a very solid budget policy," said government spokesman Steffen Seibert. "And we are coupling solid budgets with an increase in investments and this should in the coming years improve the basis for more growth."
"The budget stipulates investment spending that is significantly higher than in the previous legislative period and as such we see no need for a stimulus package," he added.
Seibert was responding to comments by a conservative lawmaker who said the right-left coalition government should consider a stimulus package to reverse a slowdown.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.