German pump-priming talks to continue, Merkel says

German pump-priming talks to continue, Merkel says Nuremberg, Germany - German talks on boosting government spending to offset recession are to continue through the weekend, Chancellor Angela Merkel said Friday.

Pump-priming is planned by a broad range of western countries as world gloom spreads.

Merkel said, "It's important that such an ambitious plan fits in with the measures by other nations."

Speaking in Nuremberg, she noted that a G20 summit she is to attend in Washington on November 15 would also review how to boost the economies of the emerging markets.

Merkel, who has not offered details yet, confirmed her cabinet would sign off on the moves next Wednesday.

Government supporters say the measures are likely to include a zero tax on ownership of new cars and a programme of grants and soft loans to homeowners to improve building insulation.

"We want to do everything we can to promote creation of new jobs," Merkel said during a visit to Germany's national labour agency in Nuremberg.

"It's vital that such a programme be well prepared and presented as a whole," she added. (dpa) 

Business News: 
General: 
People: