Davos 2024
Lindner Says Too Much German Public Spending Would Undermine ECB
- There won’t be an exception from the debt brake in 2024
- German finance minister speaks to Bloomberg TV in Davos
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Germany can’t go on a public spending spree as this would undermine the European Central Bank’s efforts to tame inflation, according to Finance Minister Christian Lindner.
“It would not be good advice to counter the ECB’s efforts to reduce the inflation rates by more public sector expenditures,” he said in an interview on Bloomberg Television. “If I would have to make some choice between fighting inflation and fostering growth, then in the first instance we have to reduce the inflation rate.”