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Germany's economy didn't rely on Urkel


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Check the date:

Germany Rejects Obamas Call on Growth, Stoking G-20 Conflict
June 21, 2010, 11:27 AM EDT
More From Businessweek
By Rainer Buergin

June 21 (Bloomberg) -- Chancellor Angela Merkels government rebuffed U.S. calls to focus on bolstering growth over debt reduction, setting a course for conflict at the Group of 20 summit in Canada this week.

Nobody can seriously dispute that excessive public debts, not only in Europe, are one of the main causes of this crisis, Finance Minister Wolfgang Schaeuble told reporters in Berlin today alongside Merkel. Thats why they have to be reduced."

That was then, this is now.

Defying Others, Germany Finds Economic Success

BERLIN Germany has sparred with its European partners over how to respond to the financial crisis, argued with the United States over the benefits of stimulus versus austerity, and defiantly pursued its own vision of how to keep its economy strong.

Statistics released Friday will buttress the German view that they had the formula right all along. The government on Friday announced economic growth of 2.2 percent compared with the previous quarter, the German economys best performance since reunification 20 years ago and an annual rate of close to 9 percent.



Wonder if Urkel bothered to read about it?
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