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Germany mocks Brown's VAT cut as recipe for generation of debt.
(From Guardian Unlimited)
Germany tonight tore into Gordon Brown's GBP12.5bn cut in VAT, with the country's finance minister describing it as "crass Keynesianism" that would raise Britain's national debt to levels requiring a generation to pay off.
In a blow to the prime minister on the eve of tomorrow's EU summit in Brussels, where a Europe-wide fiscal stimulus plan will be discussed, Peer Steinbr'ck accused Britain of "tossing around billions" after lecturing the EU on the dangers of deficit spending.
Steinbr'ck made clear Berlin's determination to oppose such moves when he mocked "our British friends" for cutting VAT. He told Newsweek: "We have …
