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

China's government has far more control over the country's economy than our government has over ours, and it is moving from export dependence to a model of growth driven by domestic demand. Any restriction on exports to the U.S. would simply accelerate a process already underway.
Joseph StiglitzRead
I get heartfelt thanks from all kinds of people. Today I heard from a waitress in Georgia who has lost her job and is trying to figure out how her local bank can change the terms on her credit card, and I heard from a physicist at a major research university who wants to explain a better theory of financial stress tests.
Elizabeth WarrenRead
I know firsthand that many employers who comply with other labor standards still hire the undocumented. Many businesses pay the minimum wage and have barely tolerable working conditions because there are sufficient undocumented workers willing to accept those terms. If we care about low-income workers in this country, we need to create pressure to improve their economic condition by reducing the supply of unauthorized workers.
Maria EchavesteRead
My agency in promoting the passage of the National Bank Act was the greatest financial mistake of my life. It has built up a monopoly, which affects every interest in the country. It should be repealed, but before that can be accomplished, the people will be arrayed on one side and the banks on the other, in a contest such as we have never before seen in this country.
Salmon P. ChaseRead
The poor don't live in functional market economies as the rest of us do, but in political economies where corruption and broken systems extend from local government to moneylenders.
Jacqueline NovogratzRead
To a person of analytical ability, perceptive enough to realise that mathematical equipment was a powerful sword in economics, the world of economics was his or her oyster in 1935. The terrain was strewn with beautiful theorems begging to be picked up and arranged in unified order.
Paul SamuelsonRead

A little wisdom, now and then

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