German Finance Minister Peer Steinbrueck has rejected a proposed European Union stimulus plan to revive the EU economy.
At a two-day meeting of finance ministers in Nice, France, he called the suggestion an unnecessary waste of money. The European Commission has warned that Europe is on the brink of a recession, after the 15-nation eurozone economy continued to contract in the second quarter. Steinbrueck has repeatedly refused to relax fiscal discipline, although the Head of Commerzbank Defends Price Paid for Dresdner ...
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(Deutsche Welle)
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