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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: TH who wrote (6135)	5/11/2004 2:44:35 PM
From: mishedlo	Read Replies (1) of 116555

Germany's Eichel says growth too weak for fresh deficit cuts Tuesday, May 11, 2004 1:21:20 PM BRUSSELS (AFX) - German finance minister Hans Eichel said growth is too weak for Germany to make fresh cuts in its deficit "It's a danger to talk about supplementary measures for economies because the problem is that growth is still weak," Eichel said on the margins of a meeting of EU finance ministers He reaffirmed his weekend comment that Germany may in 2005 breach the EU stability and growth pact's deficit limit of 3 pct of GDP for the fourth year in a row He said however that Germany will do its best to get its deficit below the ceiling at the end of next year fxstreet.com

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