Germany has criticized the United States’ decision

Germany has criticized the United States’ decision to pump an additional 600 billion euros into the economy to stimulate growth as a breach of agreement by G-20 nations to refrain from further driving up their national budget deficits and debts.

“The United States too had explicitly committed at the summit of G-20 nations in Toronto, Canada, last July that the economic difficulties created by the financial crisis cannot be solved by higher deficits, but through a common policy,” German Finance Minister Wolfgang Schaeuble said.

The decision by the Federal Reserve Board on Wednesday to boost the fragile recovery by making available US$ 600 billion to buy government bonds in the second round of the economic stimulus programme was in violation of that agreement, he said in a television interview last night. (PNA/PTI)

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