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Merkel says planned tax cuts to revive European economy

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Filed: Lift. Cond. (apr) Country: Belarus
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http://news.yahoo.com/merkel-says-planned-tax-cuts-revive-european-economy-122729765--finance.html

Reuters – 1 hr 58 mins ago

BERLIN (Reuters) - Germany's planned tax cuts could stabilize domestic demand and help stimulate the European economy, Chancellor Angela Merkel said on Thursday, noting the country was feeling the effect of economic collapse in southern Europe.

"It is our job to stimulate the European economy, including with planned tax cuts," she said at a press conference in Berlin with Hungary's Prime Minister Viktor Orban.

"We are trying hard to continue growth and keeping domestic demand high to import goods from other euro zone countries," she said.

Germany's upper house of parliament in May rejected government plans to reduce taxes by about 6 billion euros, which the opposition said would be irresponsible at a time of budget consolidation.

Asked about a demand by the International Monetary Fund that Greece be given more time to meet bailout conditions, Merkel said she would base her judgment on the report by the "troika" of international lenders.

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"I want to take this opportunity to mention how thankful I am for an Obama re-election. The choice was clear. We cannot live in a country that treats homosexuals and women as second class citizens. Homosexuals deserve all of the rights and benefits of marriage that heterosexuals receive. Women deserve to be treated with respect and their salaries should not depend on their gender, but their quality of work. I am also thankful that the great, progressive state of California once again voted for the correct President. America is moving forward, and the direction is a positive one."

 

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