Germany under new EU pressure to increase spending

The European Union's economic leaders today called for eurozone countries with high growth to spend more, an attempt to persuade Germany to step up its public spending and strengthen the bloc's economy.
Germany's economy is expected to expand by 1.8% this year, according to upwardly revised estimates from the International Monetary Fund.
Meanwhile, its trade surplus keeps growing.
The expansion of the German economy has not, however, been matched by similar growth in public spending; the country recorded a 0.8% fiscal surplus last year.
"It would help the economy of the eurozone as a whole if the countries that already have big growth would allow for an expansion of the demand side, in other words increase wages or lower taxes," Jeroen Dijsselbloem, the head of the Eurogroup of eurozone finance ministers, told reporters before a regular meeting in Brussels.

The bloc's finance ministers will discuss at their monthly meeting the fiscal stance of the eurozone for next year as part of talks aimed at influencing budgetary decisions of the 19 member states.
An attempt by the European Commission to aim for a slightly expansionary fiscal policy for the eurozone as a whole this year was...