Germany's deficit shouldn't widen - Remsperger

The Bundesbank's chief economist Herman Remsperger has urged fiscal restraint and welfare reform saying "Borrowing to cover today's spending will worsen finances for future generations".

Source: Bloomberg

Germany shouldn't allow its budget deficit to widen and must reform its welfare system as the population ages and declines, Hermann Remsperger, chief economist at the country's central bank, the Bundesbank, told Boersen-Zeitung.

Borrowing to cover today's spending will worsen finances for futu

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: