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Merkel eyes new growth plan targeting schools, roads
Published in Saudi Press Agency on 19 - 12 - 2008


The German government will pursue
a new package of economic stimulus measures next year that will
focus on infrastructure projects such as schools and roads,
German Chancellor Angela Merkel said on Friday.
Merkel had signalled previously that her government was
likely to pursue new steps, but her comments to the Neue Presse
newspaper were the first in which she discussed what the package
could look like and signalled that it will definitely happen.
Berlin has already pushed through measures it says are worth
about 31 billion euros ($44.57 billion), but the chancellor has
faced pressure at home and abroad to do more to boost Europe's
largest economy as it battles recession, Reuters reported.
"It's important that the federal government, states and
local communities act in a coordinated way in the preparation of
the new economic stimulus package in the coming weeks," Merkel
said.
"One focus is on investments in infrastructure, such as
schools, roads, the extension of broadband networks," she added.
"It's very dear to me that the development on the labour market
is at the centre of our efforts."
Merkel met the premiers of Germany's 16 states on Thursday,
but participants did not announce details of a new stimulus
package, saying representatives of all sides would meet again
before Christmas.


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