Easing EU budget rules is wrong way: German minister

It would be a “mistake” to believe that easing Europe’s budget rules will boost economic growth in the region, German Finance Minister Wolfgang Schaeuble said on Tuesday. Believing that breaching the EU’s strict budget rules as a way of stimulating growth “is a mistake. We’re not going to do down that path,” Schaeuble told the lower house of German parliament, or Bundestag, in a preliminary hearing on the government’s 2015 budget. “Over the past few years, we’ve proven time and again — and we must constantly remind ourselves of that — that solid fiscal policy is the best policy for growth and jobs,” Schaeuble said, presenting a balanced budget for 2015 for the first time since 1969.

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