German Finance Minister Christian Lindner speaks during a session of German lower house of parliament, Bundestag, in Berlin, Germany May 31, 2022. REUTERS/Hannibal Hanschke
BERLIN, June 18 (Reuters) – Finance Minister Christian Lindner warned that interest charges on Germany's public debt could reach 30 billion euros next year due to rising interest rates and growing debt levels, adding that he would resist calls to increase spendinga.
Lindner said he wanted to bring an end next year to the three years of government largesse that had characterised attempts to prop up the economy through the coronavirus crisis and reapply Germany's constitutional debt brake next year.
"We are experiencing dangerous inflation that has to be braked," he told the Welt am Sonntag newspaper in an interview. "Preparedness to take entrepreneurial risks could be reduced. We can't let this become an economic crisis."
Germany spent 4 billion euros on interest last year, said Lindner, from the business-friendly Free Democrat party, adding that he would resist calls from his coalition partners for increased spending.
"We can't afford ill-directed subsidies any more," he said. He listed subsidies for buying electric and hybrid cars that were available even to very high earners as examples of subsidies that should be scrapped.
Our Standards: The Thomson Reuters Trust Principles.
Businesses should do more to reduce prices in the coming months to help Britons struggling with rising inflation, the government's cost of living tsar said, as a minister warned of the risk of "unrealistic expectations" over pay.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2022 Reuters. All rights reserved

source

Lascia un commento

Il tuo indirizzo email non sarà pubblicato. I campi obbligatori sono contrassegnati *