BERLIN (Reuters) – The head of Germany’s conservatives said on Thursday speeding up investment must be a priority as fears of recession in Europe’s biggest economy grow, and that strict fiscal rules have flexibility built in so need not be abandoned immediately.
Worries about a slowdown in Germany have prompted calls from some left-leaning politicians and even some in industry for the government to kick-start growth by ditching its balanced budget rule to finance more public investments.
Things - Moment - Budget - Means - Transport
“Above all, we must invest in things. At the moment we have in the federal budget the means available for transport infrastructure or other things,” conservative Christian Democrat (CDU) leader Annegret Kramp-Karrenbauer told n-tv.
Asked if it was time to abandon the balanced budget policy, she said experience showed that achieving a good economy was not incompatible with having a balanced budget.
Rules - Constitution - Exceptions - Times - Crisis
She also said that existing rules enshrined in the constitution have exceptions built into them for times of crisis or emergency.
“Therefore we do not need to put to one side...
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