Source Pravda.Ru

Merkel vows to restore Germany's economy

German Chancellor Angela Merkel promised Wednesday to re-energize Germany's sluggish economy and restore its standing as one of the fastest growing in Europe.

“We want to create the conditions for Germany once again to stand among the first three in Europe in 10 years,” Ms. Merkel said in her first speech to parliament as chancellor.

Ms. Merkel's “grand coalition” with predecessor Gerhard Schroeder's centre-left Social Democrats says its main priority is to boost chronically slow growth and tackle 11 per cent unemployment.

“One thing is clear: we all bear responsibility for the fact that we are not using our opportunities to the full,” Ms. Merkel, Germany's first female chancellor, said.

Ms. Merkel thanked Mr. Schroeder for launching efforts to trim the welfare state and reform the labour market.

However, “we have the highest number of long-term unemployed that the Federal Republic has ever known,” she said, adding that her government will eventually be judged on its performance in creating jobs.

The new government is also trying to shore up creaking public finances and tame Germany's large budget deficit.

It agreed Tuesday to scrap subsidies for home buyers as part of the drive to close the budget gap. Last week, the cabinet made a start on limiting tax breaks.

Still, the coalition's platform has drawn widespread criticism, notably for plans to raise the value-added tax in 2007 and use part of the proceeds to shore up the budget.

In her speech, Ms. Merkel also vowed that her government will “not let ourselves be blackmailed” by those who kidnapped a German archaeologist in Iraq.

Germany was strongly opposed to the U.S.-led invasion of Iraq and has refused to send troops since, but has been training Iraqi police and military outside the country. Ms. Merkel said the kidnapping would not affect Germany's policy, the AP reports.

V.Y.

Turkish President Erdogan called for a revision of the 1923 Lausanne Treaty, which consolidated the results of the First World War for Turkey in 1923

Turkish President Erdogan issues ultimatum to Washington and Brussels

On December 10, 1948 the Universal Declaration of Human Rights was adopted by the United Nations General Assembly, its thirty articles enshrining basic and fundamental rights guaranteeing dignity of the human person and equality for all, regardless of race, color, creed or gender. A pipe dream?

Human Rights Day: Let us hang our heads in shame
Comments
The need for a Global Political Agenda 2018
New Russian weapons shocked USA three times
USA looking for reason to see nuclear weapons in action
Russia works on MiG-41 doomsday fighter jet
Putin makes first comment on Trump's Jerusalem decision
Putin makes first comment on Trump's Jerusalem decision
Ukrainian politicians and businessmen aim to visit Crimea
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
North Korea declares victory over USA
North Korea declares victory over USA
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Human Rights Day: Let us hang our heads in shame
Some ideas about North Korea
USA looking for reason to see nuclear weapons in action
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Putin makes first comment on Trump's Jerusalem decision
Putin makes first comment on Trump's Jerusalem decision