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

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: