German Finance Minister Olaf Scholz spoke on Sunday,
- Said Germany has fiscal strength
- is thus able to counter future economic crisis “with full force”
- could spend up to 50bn EUR extra
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Germany’s economy is showing signs of slowing, Scholz floating the idea here of dially back government promises to target balanced budgets and instead borrow to fund investment.
- if we have a debt level in Germany in relation to economic output that is below 60 percent, then this is the strength we have to counter a crisis with full force