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By Maria Martinez<br> <br> <br> <br> LUXEMBOURG, Oct 7 (Reuters) - Germany's economic model is <br> <br> not broken but Europe's biggest economy has lost competitiveness over the past decade, German Finance Minister <br> <br> Christian Lindner said on Monday.<br> <br> <br> <br> "We can't be satisfied with the economic developments in Germany," he told journalists ahead of a <br> <br> Eurogroup meeting.<br> <br> <br> <br> The German economy is expected to contract by 0.2% in 2024, an economy ministry spokesperson said on Monday, <br> <br> cutting the forecast from a previous projection of 0.3% growth this year.<br> <br> <br> <br> <br> <br> If realised, this would be the second consecutive year of contraction for Germany's economy,<br> <br> which was the weakest among its large euro zone peers last year with <br> <br> a 0.3% decline in gross domestic product.<br> <br> <br> <br> Lindner said the government was introducing supply-side measures to try <br> <br> to return the economy to growth.<br> <br> <br> <br> "After these reforms, Germany will have more competitiveness again," Lindner said, adding <br> <br> that the growth initiative was just a first step for an economic <br> <br> turnaround, "but we have to build on it."<br> <br> <br> <br> <u>AMBITION NEEDED</u><br> <br> <br> <br> Lindner said "ambition" was needed to keep EU public finances <br> <br> in order, or to put them back in order where necessary.<br> <br> <br> <br> <br> <br> "I can only encourage everyone to implement structural reforms and to make unpopular decisions," Lindner said.<br> <br> "What seems to be unpopular at the moment is the willingness to take responsibility for the next generation and for the stability of the European Union as a whole."<br> <br> <br> <br> Lindner said he could not comment on the French budget plans because he had not had the <br> <br> chance to talk with his French colleagues yet, but he would do so on Monday evening.<br> <br> <br> <br> <br> <br> "We should all realise that the credibility of public finances vis-à-vis the capital markets is not to be trifled with," Lindner said.<br> <br> <br> <br> <br> <br> <br> <br> "We must credibly reduce our deficits and our debt so that we can continue to finance ourselves well and in a stable manner."<br> <br> <br> <br> (Reporting by Maria Martinez, Editing by Miranda Murray and Christina Fincher)<br> <br> <br> <br> Here is my web-site: <a href="https://Brandsinsoccer.com/product/%E0%B8%9E%E0%B8%A7%E0%B8%87%E0%B8%AB%E0%B8%A3%E0%B8%B5%E0%B8%94%E0%B8%98%E0%B8%A3%E0%B8%A3%E0%B8%A1%E0%B8%B0/">ร้าน พวงหรีด ปาก คลอง ตลาด</a>
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