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

COMMERCE, n. A kind of transaction in which A plunders from B the goods of C, and for compensation B picks the pocket of D of money belonging to E.
Ambrose BierceRead
Large fortunes are all founded either on the occupation of land, or lending or the taxation of labor.
John RuskinRead
Everyone may have some advise for the RBI. Some may advise, 'Cut your lending rates and raise the deposit rate.' How will a bank function? We take a medium term view. The bank has an 80-year-old history. I don't want to destroy it for a few decisions.
Raghuram RajanRead
Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.
Milton FriedmanRead
If the job of capitalism is to create wealth for those who put up the capital, no fund group comes close to Vanguard's success in serving its owners. So we're probably as far away from communism as is realistically possible.
John C. BogleRead
The 'boom-bust' cycle is generated by monetary intervention in the market, specifically bank credit expansion to business.
Murray RothbardRead

A little wisdom, now and then

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