P535 ORACLE 535 Sat25 Apr C4 2100:00   WAIGEL DEFENDS  GERMAN POLICY German finance minister Theo Waigel has hit back at critics of his country's economic policies. Acknowledging Germany's high interest rates and soaring budget deficits, he said the government would soon unveil substantial curbs on spending. Germany has kept interest rates high to contain inflation as its budget deficit has swelled to pay for reunification. The US is pressing its rich allies — Germany and Japan in particular — to do more to spur flagging global growth. City headlines 500 International 530 HOLIDAYS IN WALES see page 385 Next Report Summary Your Money Adverts