August 26, 2019 / 10:38 AM / 3 months ago

German CDU leader says balanced budget principle is indispensable

FILE PHOTO: German Defence Minister Annegret Kramp-Karrenbauer speaks during a joint news conference with Iraqi Minister of Defense Najah al-Shammari at the Ministry of Defense in Baghdad, Iraq, August 20, 2019. REUTERS/Khalid al-Mousily

BERLIN (Reuters) - Germany’s conservatives regard the government’s so-called “black zero” balanced budget policy as indispensable, the leader of Chancellor Angela Merkel’s Christian Democrats (CDU) said on Monday.

“The black zero, as an expression of finance policy solidity, is an indispensable principle for us,” CDU chairwoman Annegret Kramp-Karrenbauer told a joint news conference with the head of the CSU, the CDU’s Bavarian sister party.

Writing by Paul Carrel; Editing by Joseph Nasr

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