Bloomberg News

Merkel Says Growth, Austerity Must Be Balanced in Euro Area

December 13, 2011

Dec. 13 (Bloomberg) -- Chancellor Angela Merkel said that fiscal austerity must also be balanced by economic growth as part of a strategy to rescue the euro area.

“Stability culture and budget discipline is an important facet of the entire package, but we also have to focus on growth impulses as well as employment,” Merkel told reporters today in Berlin after meeting DGB trade union federation Chairman Michael Sommer.

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

To contact the editor responsible for this story: Patrick Donahue at pdonahue1@bloomberg.net


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