Germany proposes cost-neutral growth initiative

Article
Comments

text size: A A A

By Associated Press

BERLIN — Germany is proposing a European growth initiative that includes structural reforms and a more efficient use of existing EU funds but no fresh stimulus money.

Chancellor Angela Merkel's government recently embraced the idea of a separate growth initiative alongside the EU's new treaty enshrining fiscal discipline to help secure the opposition party support her center-right coalition needs to get a two-thirds majority in Parliament for the treaty's ratification.

The draft proposal also calls for the European Investment Bank's capital to be increased to boost its lending capacity for projects fostering growth.

But the largely cost-neutral proposal falls short of the German opposition's demands, including a program to fight high unemployment in southern Europe's struggling nations and a new financial transaction tax.

Comments ()

We are now using Facebook comments to offer a more inclusive, social and constructive discussion. Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.

This article filed under

Business

Comments

Share Facebook Twitter
- Facebook
- Twitter
- Linkedin
- MySpace
- Delicious
- Reddit
- StumbleUpon
- Digg
- Google Bookmark
- Google Buzz
- Permalink
E-mail

Article sent to (required)
E-mail
Article sent from (required)
E-mail Name

Subject Line (article title)

Message (optional)

Success - Article sent Click to close
Order reprint

Interested in reusing this article?

Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.

The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.

Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )
Name * Company Telephone * E-mail *
Article Information
Title URL
Message (optional)

Success - Reprint request sent Click to close
Print