Issing praises German deficit efforts

In an interview to be published Thursday 30 March European Central Bank chief economist Otmar Issing welcomed efforts by the German government to tackle the country's budget deficit.

"In budget policy there are positive signals coming from Germany," Issing said in the interview with German magazine Capital to be published Thursday.

He said the coalition led by Conservative Chancellor Angela Merkel has a markedly different approach to the previous government, because it is clearly committed to t