Germany feels eurozone pressure to boost spending

Radio France Internationale | Sep 13, 2019 at 1:09 PM
  • Germany faced renewed pressure on Friday to boost public spending and help revive a sputtering European economy, a day after the European Central Bank warned it had reached the limit of its powers to avert recession.
  • To stave off a downturn, the ECB on Thursday cut its already negative interest rates and relaunched a round of bond-buying stimulus, but bank head Mario Draghi urged governments to do more to spark the economy.
  • France has voiced the loudest calls that Berlin abandon low spending, a point finance minister Bruno Le Maire repeated on Friday.