Quite often so-called austerity is pitted against a so-called growth model. I think this is totally wrong. We need a growth-orientated, sound fiscal policy. We need investments. We need investments from the state, but we first and foremost need an environment which encourages private investors.
Watch a clip of Angela Merkel addressing the World Economic Forum’s Annual Meeting 2015 in Davos above, and catch up with her speech in full here.
Image: Angela Merkel, Federal Chancellor of Germany, at Davos, January 22, 2015. WORLD ECONOMIC FORUM/swiss-image.ch/Photo Moritz Hager
