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| Europe |
| Germany and France reject Brown's global economic recovery plan |
| 2009-03-15 |
| Gordon Brown's hopes of uniting the world's most powerful economies behind a massive new package of tax cuts and public spending increases were in ruins today after he failed to persuade France and Germany to back his plan to revive the world economy. After talks at Chequers to prepare the way for next month's G20 summit in London, Angela Merkel, the German chancellor, ruled out ordering another short-term "fiscal stimulus" and made it clear that if more action was needed, it would for the Berlin's Bundestag to decide, not the G20. Her comments were echoed by the French finance minister, Christine Lagarde, at a meeting of G20 finance ministers in Horsham, West Sussex. As ministers tried to agree a joint way forward, Lagarde said she was optimistic the meeting could make progress but that nations needed to "evaluate the remedies already put in place by each of us" before ordering huge extra spending on top of that already sanctioned. |
| Posted by:Fred |
| #3 Yep public spending* increases are deferred tax rises. *public spending meaning bribing those members of the public likely to vote socialist with money extorted from real workers. |
| Posted by: Bright Pebbles the flatulent 2009-03-15 12:22 |
| #2 package of tax cuts and public spending increases Why can't people learn arithmetic? Manuel Garcia O'Kelly Davis |
| Posted by: g(r)omgoru 2009-03-15 07:15 |
| #1 "Angela Merkel ... made it clear that if more action was needed, it would for the Berlin's Bundestag to decide, not the G20." You mean you want your own country to decide what it's going to do, Angela, instead of being dictated to by other countries? What a novel idea! Plan on applying it to the EU anytime soon? |
| Posted by: Barbara Skolaut 2009-03-15 00:09 |