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Bundesbank Head Warns Merkel On Increased State Spending: Report

Wochit 0:36 mins

BERLIN (Reuters) - The head of the German Bundesbank has told Chancellor Angela Merkel to keep a tight grip on government spending in coalition talks with the center-left Social Democrats (SPD) next week, in which she faces pressure to boost investment funding. "It is important to shape public budgets in a way that preserves a safe distance to the net new borrowing ceiling, to avoid unpleasant surprises," Jens Weidmann told the business magazine Wirtschaftswoche on Saturday. Coalition talks between Merkel's conservative block and the SPD are due to begin on Wednesday. ...

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