QuoteProject
Budget consolidation and economic growth are two sides of the same coin.
Angela Merkel
ShareWTF𝕏

Interpretation

What this quote means

Budget consolidation and economic growth are interconnected and essential for a healthy economy.

Angela Merkel's quote emphasizes the relationship between budget consolidation and economic growth, suggesting that effective management of public finances is crucial to achieving sustainable growth. It implies that without a balanced budget, the foundations for economic prosperity may be weak, and conversely, a growing economy can only thrive if financial discipline is maintained.

Themes

BudgetConsolidationEconomic GrowthFinanceEconomy

In practice

Example use cases

In a speech on fiscal policy, a politician might say, 'As Angela Merkel reminded us, budget consolidation and economic growth are two sides of the same coin.'

More from Angela Merkel

Nobody in Europe will be abandoned. Nobody in Europe will be excluded. Europe only succeeds if we work together.
Angela MerkelRead
Let us answer the terrorists by living our values with courage.
Angela MerkelRead
It certainly is dangerous that there are only a few clubs left in Europe that can afford to pay millions. At the end of the day however, the spectators decide the rates of pay - by watching the games and consuming the goods and services advertised on sports TV programmes.
Angela MerkelRead
In many regions, war and terror prevail. States disintegrate. For many years, we have read about this. We have heard about it. We have seen it on TV. But we had not yet sufficiently understood that what happens in Aleppo and Mosul can affect Essen or Stuttgart. We have to face that now.
Angela MerkelRead
We need... to say to people that this is a temporary residential status, and we expect that, once there is peace in Syria again, once IS has been defeated in Iraq, that you go back to your home country with the knowledge that you have gained.
Angela MerkelRead
During the course of 1989, more and more East Germans lost their fears of the state's repression and chicanery and went out on the streets. There was no turning back then. It is thanks to their courage the Wall was opened.
Angela MerkelRead

Similar quotes

While we have created prosperity for many, too many are being left behind.
Paul PolmanRead
With neoliberalism discredited and austerity failed, we need to rewrite the rules of the economy once again. But this time in the right way. We need rules that focus on long-term economic growth, and the only kind of sustainable prosperity is shared prosperity.
Joseph StiglitzRead
Burdening people with debt is an old deal not a new deal.
Henry FordRead
Central planning didn't work for Stalin or Mao, and it won't work for an entrepreneur either.
Michael BloombergRead
Citigroup, Bank of America, and JP Morgan Chase should not be permitted to charge consumers 25- to 30-percent interest on their credit cards, especially while these banks received over $4 trillion in loans from the Federal Reserve.
Bernie SandersRead
All systems are capitalist. It's just a matter of who owns and controls the capital -- ancient king, dictator, or private individual. We should properly be looking at the contrast between a free market system where individuals have the right to live like kings if they have the ability to earn that right and government control of the market system such as we find today in socialist nations.
Ronald ReaganRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.

Quote by Angela Merkel | QuoteProject