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6 Sep 2016
German FinMin Schaeuble: Germany to use budget leeway to boost investment
Germany’s finance minister Wolfgang Schaeuble is on the wires now, via, Reuters, presenting the 2017 Budget to the Bundestag – German Parliament.
Key Quotes:
“Germany is doing well”
“Employment is at a record high, unemployment at a 25yr low”
“Germany must prove that integration can succeed”
“Will link spending to increases in GDP growth”
“More growth needed to end low rate policy”
“More structural reforms are needed globally”
“Debt must be cut globally”
“Central bank created liquidity is worrying”
“Investment boost should be driven by private sector”
“Junker fund should be expanded if needed”
“Should be around EUR 15 bln worth of scope for cutting taxes from 2017 onwards”