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Steinbrück bets 6 bottles of wine on balanced budget by 2011

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Steinbrück bets 6 bottles of wine on balanced budget by 2011
Photo: DPA
08:19 CEST+02:00
German Finance Minister Peer Steinbrück said on Wednesday he bets six bottles of red wine that the federal budget will be “in the black” by 2011.

Steinbrück told German broadcaster ZDF on Wednesday that his budget consolidation plan has been an important part of the left-right coalition's success.

“I think that setting this budget plan was an important sign of competence, assertiveness and actionability,” he said, adding his wine bet that the budget would balance for the first time in four decades by 2011.

The German cabinet decides on the budget outline for 2009 and the fiscal planning until 2012 on Wednesday.

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