German Finance Minister Peer Steinbrueck has rejected a proposed European Union stimulus plan to revive the EU economy.
At a two-day meeting of finance ministers in Nice, France, he called the suggestion an unnecessary waste of money. The European Commission has warned that Europe is on the brink of a recession, EU freezes millions in aid to Bulgaria over corruption ...
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IWC delays showdown decisions ... after the 15-nation eurozone economy continued to contract in the second quarter. Steinbrueck has repeatedly refused to relax fiscal discipline, although the EU commission believes that Germany's economy is already in recession.
(Deutsche Welle)
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