Bloomberg News

Merkel Says Any German Tax Cuts to Be Offset by Spending Cuts

October 28, 2011

Oct. 28 (Bloomberg) -- Chancellor Angela Merkel said that any tax cuts in Germany will be offset by reductions in spending.

Merkel made her comments in a speech today to members of her Christian Democratic Union party in the Bavarian town of Deggendorf.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

To contact the editor responsible for this story: Alan Crawford at acrawford6@bloomberg.net


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