Germany’s Econ Min: More Difficult Times Ahead For Economy
September 13, 2012 at 08:00 GMT
BERLIN (MNI) – The German economy is still in a good state but more
challenging times lie ahead, Economics Minister Philipp Roesler said
Thursday.
“The German economy is robust,” Roesler said in a speech in
parliament. Yet, “we all see that the economic development will become
more difficult,” he acknowledged.
The minister pointed to economic weakening in Europe, the US and in
many emerging markets. An export-dependent economy like Germany cannot
decouple from such global developments, he reasoned. “That is why we
expect a dampened economy next year as well.”
The Eurozone can overcome its debt crisis if member states adhere
to a consistent policy of reducing deficits and increasing
competitiveness, Roesler argued.
“If this succeeds, then I’m firmly convinced that our common
currency, the euro, can become one of the most stable currencies of the
world,” he said.
–Berlin bureau: +49-30-22 62 05 80