Germany's Eichel : no more budget cuts yet

German Finance Minister Hans Eichel said on Sunday 8 August that the economic recovery was not yet firmly established enough for him to impose more budget cuts, and that he would make added savings only when growth was more sustained.

"The recovery is still too uncertain and is only being driven by strong foreign demand," Eichel told Der Spiegel magazine. "Domestic demand by contrast is weak. Only when it ignites will the recovery be on a solid foundation, and only then will the economy allow

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