FILE PHOTO: German Chancellor Angela Merkel and Vice Chancellor and Finance Minister Olaf Scholz attend the weekly cabinet meeting in Berlin, Germany, November 13, 2019. REUTERS/Fabrizio Bensch
BERLIN (Reuters) - German Chancellor Angela Merkel and Finance Minister Olaf Scholz on Monday brushed aside demands by the BDI industry association and the DGB labour union to ditch their balanced budget policy and boost investment with a debt-financed spending plan.
Merkel told reporters after a cabinet meeting that the "black zero" policy of no new borrowing remained the guiding principle as the government was still able to generate growth.
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