Financial Times FT.com

Berlin rejects spending way out of recession

By Bertrand Benoit in Berlin

Published: November 19 2008 23:35 | Last updated: November 19 2008 23:35

Germany is resisting pressure to follow the US and other European economies in spending its way out of the recession.

Politicians and civil servants around Angela Merkel, chancellor, have no shortage of arguments why going down the Keynesian route would be wrong.

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