Don't miss

Replay


LATEST SHOWS

REPORTERS

The booming business of cannabis in Spain

Read more

EYE ON AFRICA

Tanzanian President dismisses almost 10,000 public servants over forged college certificates

Read more

MEDIAWATCH

French Election: Abstention, Anger & Apathy

Read more

THE WORLD THIS WEEK

Macron vs. Le Pen: France's bitter presidential run-off race (part 1)

Read more

THE WORLD THIS WEEK

Trump's First 100 Days, The Pope in Egypt (part 2)

Read more

FOCUS

Egypt's Coptic Christians targeted by Islamic State group

Read more

THE CAMPAIGN BEAT

France's wartime past takes centre stage in presidential campaign

Read more

#TECH 24

How one NGO is using 3D printers to improve disaster relief

Read more

REVISITED

What remains of Nicaragua’s revolution?

Read more

Merkel responds to harsh critics on new stimulus plan

Latest update : 2009-01-13

The new German 50-billion-euro stimulus plan has been widely criticized for being too stringent to reverse the recession. Chancellor Angela Merkel defended her "Pact for Germany", saying it will boost growth.

AFP - Chancellor Angela Merkel defended her 50-billion-euro (66-billion-dollar) stimulus package for Germany on Tuesday, saying it would boost growth and protect jobs in Europe's biggest economy.
   
"With our 'Pact for Germany' we are providing the impetus ... for growth, for employment in Germany, because employment for people is our overriding concern," Merkel told reporters after her government agreed a new raft of measures overnight to stop Germany slipping into its worst post-war recession.
   
"We will do everything in our power to make sure that Germany not only overcomes this crisis but that Germany emerges stronger from the crisis."
   
The package includes 17-18 billion euros in investments in roads and schools and some nine billion euros tax cuts for firms and individuals.
   
Critics on Tuesday slammed the measures as too little, too late to haul Germany out of recession.
   
But Merkel said Berlin conducted a "sober analysis" of the situation and determined that the time had arrived to launch such a rescue package.
   
"This time has now come," Merkel said.

Date created : 2009-01-13

COMMENT(S)