German Finance Minister Olaf Scholz said people should estimate that inflation is temporary. "We are looking at this development of inflation," he said in a Bloomberg TV interview on the sidelines of the G20, but added, "all experts, all the central bankers around the globe say it is temporary." Scholz also said that the European sovereign debt as a response to the the coronavirus crisis is showing that Europe is "starting to be a more sovereign union." (Source: Quicktake)