• Short Summary

    CHANCELLOR LUDWIG ERHARD TODAY (WEDNESDAY) PRESENTED PARLIAMENT WITH HIS "ECONOMIC STABILIZATION" BILL, DESIGNED TO CUT GOVERNMENT SPENDING, CHECK RISING PRICES AND ENCOURAGE PRODUCTIVE INVESTMENT.

  • Description

    CHANCELLOR LUDWIG ERHARD TODAY (WEDNESDAY) PRESENTED PARLIAMENT WITH HIS "ECONOMIC STABILIZATION" BILL, DESIGNED TO CUT GOVERNMENT SPENDING, CHECK RISING PRICES AND ENCOURAGE PRODUCTIVE INVESTMENT. HE URGED THE CROWDED BUNDESTAG (LOWER HOUSE) TO PASS THE BILL SPEEDILY INTO LAW AND THUS PREVENT THE UNDESIRABLE DEVELOPMENTS THAT HAD AFFECTED OTHER COUNTRIES "I DO NOT HAVE TO NAME".

    THE CHANCELLOR MUST GET HIS LONG-AWAITED BILL QUICKLY THROUGH THE HOUSE IF HE IS TO RIDE THE REVERSES OF A MAJOR DEFENCE CRISIS, DISCONTENT IN HIS OWN PARTY AND A SETBACK IN STATE ELECTION LAST MONTH. THE CHANCELLOR LAST MONTH. THE CHANCELLOR HAS ALREADY RALLIED HIS OWN CHRISTIAN DEMOCRATIC PARTY BEHIND THE BILL. TO PASS PARLIAMENT IT MUST HAVE-THIRDS MAJORITY, AS IT INVOLVES CHANGES IN THE CONSTITUTION TO GIVE THE GOVERNMENT GREATER CONTROL OVER STATES' FINANCE.

    WARNING AGAINST UNLIMITED GRANTING OF CREDITS TO PUBLIC AUTHORITIES, HE SAID; "WE CANNOT SPEND WE HAVE NOT EARNED."
    HERR SCHMUECKER TOLD THE HOUSE IT HAS BEEN PROVED THAT NARROWING THE FIELD OF LIBERTY DOES NOT CONTRIBUTE TO THE DEVELOPMENT OF THE NATIONAL ECONOMY.

  • Tags

  • Data

    Film ID:
    VLVAA0HACH0Z6EXBQTEYU31UVF5LQ
    Media URN:
    VLVAA0HACH0Z6EXBQTEYU31UVF5LQ
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    14/09/1966
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:42:00
    Time in/Out:
    /
    Canister:
    N/A

Comments (0)

We always welcome comments and more information about our films.
All posts are reactively checked. Libellous and abusive comments are forbidden.

Add your comment