Cyprus Mail
Europe

Weaker economy gives us reason to try to stimulate domestic economy, says Merkel

German Chancellor Angela Merkel.

German Chancellor Angela Merkel said on Friday that Europe’s largest economy was in a “somewhat more difficult phase” after a decade of growth, adding that gave grounds to try to stimulate the domestic economy.

“That is for us an incentive not just to continue work in the area of research and development but of course also to stimulate the domestic economy,” Merkel told a news conference, adding that a solidarity tax would be reduced for most taxpayers but there would not be a big corporate tax reform.

She said she thought the economic slowdown was largely due to uncertainty in global trade.



Related posts

Toll expected to rise in blast that shook Beirut, killing 78 and injuring thousands

Reuters News Service

Tropical Storm Isaias batters U.S. Northeast with rare tornadoes

Reuters News Service

Trump says coronavirus under control, ‘It is what it is’

Reuters News Service

Turkey’s COVID-19 cases up over 1,000 in ‘severe’ rebound

Reuters News Service

Greece reports 121 new coronavirus cases, highest in weeks

Reuters News Service

Toll expected to rise in blast that shook Beirut, killing 100, injuring thousands

Reuters News Service