Germany and Britain in economy row - papers

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Senior German politicians have attacked Gordon Brown's handling of the financial crisis, blaming the Prime Minister for mishandling the British economy, reports The Guardian .

During a discussions between Brown and Angela Merkel over a Europe-wide €200bn (£176bn) fiscal stimulus plan at a summit in Brussels, a CDU budget spokesman accused the Prime Minister of presiding over a "complete failure" of policy. The comments made by Steffen Kampeter mark a significant increase in pressure on Brown, following a row that began when Peer Steinbrück, the German finance minister, rejected Brown's fiscal stimulus plan as "crass Keynesianism". MORTGAGE LENDER HBOS revealed a £5bn write-down on its personal and business loans, warning that it expects the UK economic outlook ...

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