Register now for Free of charge unlimited obtain to Reuters.com
BERLIN, June 13 (Reuters) – German Finance Minister Christian Lindner explained there was a danger of a time period of superior inflation and small advancement subsequent Russia’s invasion of Ukraine, which experienced pushed currently higher inflation up further more continue to.
“Stagflation is a doable state of affairs,” he informed a conference of relatives-owned companies in Berlin on Monday.
He said the rate strain could best be countered by unwinding the subsidies that experienced formerly been given out to prop up the economic system and that Germany and Europe had to return to fiscal self-control.
He additional that Germany’s constitutional credit card debt brake, currently suspended, would occur again into power upcoming yr. That would indicate a reduction in the level of new borrowing from this year’s 140 billion euros ($146 billion) to just 10 billion euros.
($1 = .9591 euros)
Register now for Totally free unlimited obtain to Reuters.com
Reporting by Christian Kraemer crafting by Thomas Escritt Modifying by Christoph Steitz
Our Specifications: The Thomson Reuters Belief Principles.