German Budget Deficit Debate
1997-05-24T18:28:00-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJkZWZhdWx0c1wvQ2FwaXRvbF9kZWZhdWx0LWltYWdlLmpwZyIsImVkaXRzIjp7InJlc2l6ZSI6eyJmaXQiOiJjb3ZlciIsImhlaWdodCI6NTA2fX19Members debated how to deal with the federal budget deficit. A recent report indicated a fiscal year 1997 deficit of 10.5 billion, which Germany must reduce to three percent of its Gross Domestic product in order to join the European Monetary Union in 1999. Members debated how to combine tax increases and spending reductions to meet this goal and what impact these measures would have on the German economy. Translation from German to English was by voiceover.
Members debated how to deal with the federal budget deficit. A recent report indicated a fiscal year 1997 deficit of 10.5 billion, which Ger… read more
Members debated how to deal with the federal budget deficit. A recent report indicated a fiscal year 1997 deficit of 10.5 billion, which Germany must reduce to three percent of its Gross Domestic product in order to join the European Monetary Union in 1999. Members debated how to combine tax increases and spending reductions to meet this goal and what impact these measures would have on the German economy. Translation from German to English was by voiceover. close
People in this video
- Joschka Fischer Leader, Bundestag Germany->Green Party
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- Rudolf Scharping Leader, Bundestag Germany->Social Democratic Party
- Theodor Waigel Minister Germany->Finance
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