Wiktorin rejects debt-fueled stimulus

  • 2012-08-22
  • From wire reports
RIGA - A disproportionate EU budget increase is impossible at this time, when all EU member states must save more, German Ambassador to Latvia Andrea Wiktorin said in an interview with LETA.“Germany believes that there are sufficient means in EU member state budgets that can be channeled to achieving growth in the entire EU. However, it is wrong to assess that the bloc’s growth can be funded through new debt,” explains Wiktorin.Commenting on Latvia’s priorities in the EU budget - direct payments to farmers and the bloc’s Cohesion policy - Wiktorin sa...
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