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By Maria Martinez<br> <br> <br> <br> LUXEMBOURG, Oct 7 (Reuters) - Germany's economic model is not <br> <br> broken but Europe's biggest economy has lost competitiveness over the past decade, German Finance Minister Christian Lindner said on Monday.<br> <br> <br> <br> <br> <br> <br> <br> "We can't be satisfied with the economic developments in Germany," <br> <br> he told journalists ahead of a Eurogroup meeting.<br> <br> <br> <br> <br> <br> The German economy is expected to contract by 0.2% in 2024,<br> <br> an economy ministry spokesperson said on Monday, 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 <br> <br> contraction for Germany's economy, which was the weakest among its large euro zone peers last year with a 0.3% decline <br> <br> in gross domestic product.<br> <br> <br> <br> Lindner said the government was introducing supply-side measures to try to return the economy to growth.<br> <br> <br> <br> <br> <br> "After these reforms, Germany will have more competitiveness again," Lindner said, adding that the growth initiative was just a first step <br> <br> for an economic 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 <br> <br> finances in order, or to put them back in order where necessary.<br> <br> <br> <br> <br> <br> <br> <br> "I can only encourage everyone to implement structural reforms and to make unpopular decisions," Lindner said.<br> <br> <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 <br> <br> because he had not had the chance to talk with his French <br> <br> colleagues yet, but he would do so on Monday evening.<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 <br> <br> said.<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 <br> <br> Murray and Christina Fincher)<br> <br> <br> <br> Stop by my web site :: <a href="https://brandsinsoccer.com/product/%E0%B8%94%E0%B8%AD%E0%B8%81%E0%B9%84%E0%B8%A1%E0%B9%89%E0%B9%80%E0%B8%82%E0%B8%95%E0%B8%84%E0%B8%A5%E0%B8%AD%E0%B8%87%E0%B9%80%E0%B8%95%E0%B8%A2/">พวงหรีด ปากคลองตลาด</a>