German aid for solar power should fall 30 pct-CDU

BERLIN Thu May 29, 2008 4:12pm IST

BERLIN May 29 (Reuters) - State support for solar energy should be cut by 30 percent in 2009, a senior member of Chancellor Angela Merkel's conservatives said on Thursday.

Michael Fuchs, the head of the conservatives' parliamentary panel on small and medium-sized businesses, said the proposal had been agreed with environmental policymakers within his Christian Democratic (CDU) party.

The proposal now needed to be discussed with the centre-left Social Democrats, who rule in coalition with the conservatives, he added.

(Reporting by Thorsten Severin)

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

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