- Title: Germany's Merkel says plans tax cuts worth 6 bln euros
- Date: 6th October 2016
- Summary: BERLIN, GERMANY (OCTOBER 6, 2016) (REUTERS) GERMAN CHANCELLOR ANGELA MERKEL WALKING ON STAGE PHOTOGRAPHER (SOUNDBITE) (Germany) GERMAN CHANCELLOR, ANGELA MERKEL, SAYING: "Germany's economy is in good shape at the moment. That's helping us to handle these problems. But of course we know that is the current picture and dynamic development must be worked on day-to-day." MERKEL ON STAGE (SOUNDBITE) (Germany) GERMAN CHANCELLOR, ANGELA MERKEL, SAYING: "The good budgetary situation is having a positive effect. We will be able to bring about small tax relief, which will amount to 6 billion euros for 2017 and 2018." MERKEL TALKING AS SEEN THROUGH VIEWFINDER (SOUNDBITE) (Germany) GERMAN CHANCELLOR, ANGELA MERKEL, SAYING: "I believe that so long as budgetary policy is important in the face of demographic change we are against, balanced budgets are not as they are sometimes depicted, as a kind of fetish from unimaginative people, but a statement that we create no further debt to the costs of the next generation and that is an important political statement." REPORTER WRITING (SOUNDBITE) (Germany) GERMAN CHANCELLOR, ANGELA MERKEL, SAYING: "We made very good progress with CETA. Also in the European context it can be expected that we will get signing and ratification. The discussion process was intense and extensive." MEDIA MERKEL LEAVING STAGE
- Embargoed: 21st October 2016 10:56
- Keywords: Merkel business industry economy
- Location: BERLIN, GERMANY
- City: BERLIN, GERMANY
- Country: Germany
- Topics: Government/Politics
- Reuters ID: LVA00152V9SNB
- Aspect Ratio: 16:9
- Story Text: Germany plans tax cuts worth up to six billion euros ($6.72 billion) for 2017 and 2018, Chancellor Angela Merkel said on Thursday (October 6), adding that the good shape of the economy allowed for fiscal flexibility.
"The good budgetary situation is having a positive effect. We will be able to bring about small tax relief, which will amount to 6 billion euros for 2017 and 2018," Merkel told an industry event in Berlin.
The Chancellor also said she was confident that the European Union would complete its Comprehensive Economic Trade Agreement (CETA) with Canada. - Copyright Holder: REUTERS
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