Register now for Free limitless access to Reuters.com
BERLIN, June 13 (Reuters) – German Finance Minister Christian Lindner claimed there was a threat of a interval of large inflation and reduced expansion subsequent Russia’s invasion of Ukraine, which had driven previously significant inflation up further more still.
“Stagflation is a possible situation,” he explained to a conference of spouse and children-owned businesses in Berlin on Monday.
He explained the price tag strain could greatest be countered by unwinding the subsidies that had beforehand been supplied out to prop up the economic climate and that Germany and Europe had to return to fiscal self-discipline.
He extra that Germany’s constitutional financial debt brake, now suspended, would occur again into drive upcoming yr. That would imply a reduction in the degree of new borrowing from this year’s 140 billion euros ($146 billion) to just 10 billion euros.
($1 = .9591 euros)
Sign-up now for Free of charge unrestricted access to Reuters.com
Reporting by Christian Kraemer creating by Thomas Escritt Editing by Christoph Steitz
Our Requirements: The Thomson Reuters Trust Ideas.
Source website link