Bundesbank's Remsperger on monetary policy

In a speech on 'Monetary Policy: How relevant are other policymakers?' Hermann Remsperger of the Bundesbank said the main conclusion for Germany is that there is virtually no scope for stimulating fiscal action. The government has envisaged a budget "close to balance" in 2006 in line with the Stability and Growth Pact.

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Welcoming address by Prof. Dr. Hermann Remsperger, Member of the Executive Board of the

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