Europe in no rush to join US with rate or tax cuts - by Jan Strupczewski and Brian Love
Europe in no rush to join US with rate or tax cuts - by Jan Strupczewski and Brian Love
Germany's Chancellor Angela Merkel said Europe's economy was an "anchor of stability in the world" and added in an interview on German TV: "There are no signs of a recession in Germany, and that's also the case for Europe." Economic and Monetary Affairs Commissioner Joaquin Almunia gave a similar message to the European Parliament. "We don't need to imitate all the decisions other economies can adopt. We need to rely on our own framework that is much more efficient," he said. "The U.S. economy has serious problems with fundamentals. We haven't," he added.
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