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Germany criticises British economic rescue plan

Published 12/10/2008, 05:50 PM
Updated 12/10/2008, 05:55 PM

LONDON, Dec 10 (Reuters) - German Finance Minister Peer Steinbrueck has attacked Britain's plans to tackle the global financial crisis, calling them "breathtaking" measures that will saddle a generation with debt.

In an interview with Newsweek magazine, he said governments around the world risked repeating the mistakes from the past in the rush to be seen to be taking action.

"The same people who would never touch deficit spending are now tossing around billions," he was quoted as saying in the interview, published on the Newsweek website on Wednesday. "The switch from decades of supply-side politics all the way to a crass Keynesianism is breathtaking." (Reporting by Peter Griffiths; editing by Elizabeth Piper)

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