Schaeuble Says Germany to Help Spain With Joint Investment Plan
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German Finance Minister Wolfgang Schaeuble said he plans to set up a joint program with Spain to spur investment in Spanish companies, helping Prime Minister Mariano Rajoy’s government to overcome recession and record unemployment.
Schaeuble, addressing members of his Christian Democratic Union party in Berlin late yesterday, said that he’ll use a meeting in Spain on Monday with Spanish Economy Minister Luis de Guindos to push for a program that sidesteps the European Commission. If it works, Schaeuble said he was “pretty sure” it could serve as a model for other countries scarred by the crisis in the euro area.