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Brown dismisses German attack on economy rescue plan - UK Politics, UK - The Independent

In a surprise attack, German finance minister Peer Steinbruck derided the headline 2.5 per cent cut in VAT announced by Chancellor Alistair Darling in the Pre-Budget Report while warning that a generation of taxpayers would be saddled with the debt.

In an interview with Newsweek magazine, he described the Government's switch to a "crass Keynesianiam" to try to spend its way out of the economic crisis after years of preaching fiscal rectitude as "breathtaking".

But Mr Brown, who will head to Brussels later today for a major European Union summit, told London's LBC Radio: "Actually the German government is investing more. They have just announced a fiscal expansion so that they can invest in public works and helping their banks and doing these sorts of things.

"I do not really want to get involved in what is clearly internal German politics here, because they have a coalition in Germany with different political parties.

"The important thing is that almost every country around the world is doing what we have been doing."

Quite measured from Brown, in my eyes. (Most of the German media is focusing only on the headline.)


*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Thu Dec 11th, 2008 at 03:20:54 PM EST
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