German Economy And The Euro-Zone

EDM number 1144 in 2005-06, proposed by Kelvin Hopkins on 29/11/2005.

That this House expresses its concern about the continuing low economic growth and high unemployment in Germany; recognises that the new coalition government faces serious difficulties in reviving economic activity in Germany and the importance of a strong German economy for the whole of the European Union; considers that the recent measures proposed by the new government for dealing with Germany's economic difficulties are essentially deflationary, involving as they do a net tightening of fiscal policy, so that they will have the opposite effect to that required; believes that what is really needed is a significant loosening of monetary policy by means of a cut in interest rates to stimulate domestic consumer demand in Germany; is therefore alarmed that the European Central Bank is contemplating an increase in interest rates which will make Germany's problems worse; and further believes that the German economy will not recover while gripped in the deflationary vice of the eurozone.

This motion has been signed by a total of 39 MPs, 1 of these signatures have been withdrawn.