Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

No strategy and a beige suit

Read more

THE WORLD THIS WEEK

The World This Week - 29 August 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 29 August 2014

Read more

ENCORE!

Alain Choquette: A Hilarious Magician in Paris

Read more

FOCUS

France welcomes Iraqi Christian refugees

Read more

FRANCE IN FOCUS

Emmanuel Macron: A new economy minister with a pro-business agenda

Read more

THE OBSERVERS

More of this year's best Observers stories

Read more

#TECH 24

Changing the world, one video game at a time

Read more

IN THE PAPERS

Socialist Party summer conference kicks off in explosive atmosphere

Read more

  • US aid drops begin in besieged Iraqi town of Amerli

    Read more

  • Filipino UN troops escape Islamists in Golan Heights

    Read more

  • Algerian diplomats held by Islamists are freed in Mali

    Read more

  • Poland's Tusk, Italy's Mogherini set for top EU jobs

    Read more

  • UK boy with brain tumour found in Spain, parents held

    Read more

  • Pakistani protesters clash with police outside PM's house

    Read more

  • Austerity row overshadows French Socialist’s annual rally

    Read more

  • Egypt sentences Brotherhood leader Badie to life

    Read more

  • Ceasfire allows Gaza families to relax on the beach

    Read more

  • South Africa condemns 'military coup' in Lesotho

    Read more

  • Exclusive: Fabius warns Russia of more sanctions

    Read more

  • Kerry calls for 'coalition of nations' to battle IS militants

    Read more

  • Ukrainian plane with seven on board crashes in Algeria

    Read more

  • IMF backs Lagarde amid French corruption probe

    Read more

  • British killer escapes from French psychiatric hospital

    Read more

  • Libyan PM resigns as Islamists set up rival administration

    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)