Germany will seek to suspend a constitutional debt limit for a fourth straight year, its finance minister said Thursday, after a shock court ruling upended government spending plans and sparked a budget crisis.The finance minister, who has intoned on the importance of clear debt limits, avoided direct mention of the brake in an earlier press conference.
Europe News: FRANKFURT: Germany's finance minister Christian Lindner has vowed the country's ruling coalition will follow a strict course of austerity after a budg.
German Finance Minister Christian Lindner on Wednesday called into question the government's aim to end coal use in Europe's largest economy by 2030."Until it is clear that energy is available and affordable, we should end dreams of phasing out electricity from coal in 2030," Lindner said in an interview with the German daily Koelner Stadt-Anzeiger.
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Germany has welcomed a show of support from China for the G20 debt restructuring framework for poorer countries in a joint statement after their financial dialogue in Frankfurt over the weekend. "We welcome the fact that the Chinese side is also committed to this in our Joint Statement, because solutions are inconceivable without China as such an important player in world politics," German Finance Minister Christian Lindner said on Sunday, after his meeting with Chinese Vice Premier He Lifeng. Neither provided further details on the rules for the restructuring plans and the joint statement did not give specifics.