Bundesbank: public-sector finances 'crisis-like'

The Bundesbank said on Monday 15 March that deep-reaching reforms, with sound fiscal policy, were still needed to get the German economy growing again.

In its March monthly report the Bundesbank described Germany's public-sector finances as "crisis-like", but said the prospects for reforms had clearly improved.

"The reform process must not get stuck," the Bundesbank said. Further consolidation of the public budget, tax cuts and a reform of the social welfare system were now needed.

"Along with

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