Berlin warns of risks from debt

Author (Person)
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Series Details 22.6.10
Publication Date 22/06/2010
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Article reports that Germany has warned June 2010 that a failure to reduce public debts could trigger another worldwide economic crisis, saying that its planned cuts in spending will not endanger global growth.

Speaking less than a week before the Group of 20 leaders meet in Toronto, Angela Merkel, Germany’s chancellor, said on the 21 June 2010 that Berlin’s stimulus programmes would be withdrawn at a responsible pace.

Related Links
ESO: Background information: Consensus collapses on bank reform ahead of G20 http://www.europeansources.info/record/consensus-collapses-on-bank-reform-ahead-of-g20/
EurActiv, 22.6.10: Merkel, Sarkozy renew call for tougher regulation ahead of G20 http://www.euractiv.com/en/merkel-sarkozy-renew-call-tougher-regulation-ahead-g20-news-495453
Deutsche Welle, 22.6.10: Top economist supports Merkel's push against Obama's criticism http://www.dw-world.de/dw/article/0,,5718383,00.html
Spiegel Online International, 15.6.10: Is Germany Saving Itself to Death? http://www.spiegel.de/international/germany/0,1518,700623,00.html

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