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Germany is doing its bit to help EU weather recession, Steinbrueck

Brussels - Germany is already doing its share and will not spend more money to help lift the European Union out of recession, the country's finance minister, Peer Steinbrueck, said Monday. Germany is putting 31 billion euros (39.5 billion dollars) o...

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Steinbrueck: Germany Doing Enough for EU in Recession

Germany is already doing its share and would not spend more money to help lift the European Union out of recession, the country's finance minister Peer Steinbrueck said Monday.

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Germany spurns calls to spend more to fight crisis

BERLIN, Nov 29 (Reuters) - German Finance Minister Peer Steinbrueck rejected European calls that he should spend more on battling the economic crisis, arguing that "just because all the lemmings have chosen the same path," that did not make it right.

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EU members ready to embrace public spending plan

... they would really buy a DVD player for euro39.60 instead of euro39.90,” German Finance Minister Peer Steinbrueck told reporters.Today, the 27 EU finance ministers were expected to recommend their governments provide scores of billions in 2009 and 2010 in “targeted” public spending, credit guarantees, loan subsidies and financial aid for clean and green industries. The statement listed...

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EU finance minister discuss European economic recovery plan

... meet to approve the plan at a summit scheduled for December 11-12. German Finance Minister Peer Steinbrueck said Monday that Germany was doing its share by putting 31 billion euros - or 1.25 per cent of Germany's GDP - in the hands of consumers. But others like Italy, which sits on Europe's biggest public debt, has so far announced measures totalling just 6 billion euros, or 0.30...

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Minister: German economy might shrink one percent next year

German Finance Minister Peer Steinbrueck warned on Tuesday that German economy could shrink by up to one percent next year. That would be the biggest economic contraction since 1945 for Europe's biggest economy. "The information I have available amounts to a corridor from around 0.2 percent (growth) to minus 1.0 percent," Steinbrueck told Bundestag, Germany's lower house of parliament,...

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Germany predicting economy could contract by 1pc in 2009

GERMAN Finance Minister Peer Steinbrueck says Europe's biggest economy could contract by up to 1pc in 2009 in what economists say would be the biggest decline since World War II.