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