Angela Merkel, the German chancellor, will warn leaders of the world’s largest economies next week against pumping too much money into reviving global growth, saying that such action would create an unsustainable recovery.
In a forthright interview with the Financial Times before attending the Group of 20 nations summit in London, she rejected renewed calls to spend more public money in Germany as part of a co-ordinated stimulus across the world economy. Ms Merkel said China, in particular, had much more room for expanding domestic demand.
