Merkel Rejects Stimulus Packages for Growth, Abendblatt Reports

German Chancellor Angela Merkel rejected the introduction of stimulus packages to create economic growth in Europe, Hamburger Abendblatt reported in a preview of an article that will run tomorrow, citing Merkel.

It is “important that we break with the idea that growth always costs a lot of money and must be the result of expensive stimulus programs,” Merkel said in answer to questions posed by Abendblatt. She instead proposed programs that need “political courage and creativity rather than billions of euros,” the newspaper reported.