Voice from the Commonwealth
Commentary, World Views and Occasional Rants from a small 'l' libertarian in Massachussetts

"If ye love wealth greater than liberty, the tranquility of servitude better than the animating contest for freedom, go home and leave us in peace. We seek not your council nor your arms. Crouch down and lick the hand that feeds you, and may posterity forget that ye were our countrymen." - Samuel Adams

Wednesday, June 04, 2003

If it works for the French, why not the Germans. "one voice" and "Unity", until of course you disagree with said policy.

German Finance Minister Hans Eichel denied a newspaper report that Berlin would back down from its planned budget cuts in 2004, but admitted Germany would have problems meeting EU fiscal stability rules next year.
Addressing the budget committee of the German parliament, Eichel dismissed a Financial Times Deutschland (FTD) report about Berlin backing away from its budget cut plans, saying: "This is entirely nonsense."

Under current plans, Berlin aims to cut spending in 2004 by 15 bln eur. Eichel said those plans remain in place.

But he conceded that even with the intended budget stringency, Germany will have a hard time next year meeting the EU rules limiting the budget deficit to 3 pct of GDP.

< email | 6/04/2003 02:50:00 PM | link

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