Germany’s next finance minister warns about inflation


Berlin — On Tuesday, Germany’s next Finance Minister, Christian Lindner, said that the European Central Bank (ECB) would be able to fight inflation as needed without hesitation, with solid finances and debt levels across the euro area. I vowed to support the reduction.

Lindner’s comments posted on Twitter came after data showed on Monday that Germany’s consumer price index accelerated further in November, reaching its highest level in almost 30 years.

“Inflation raises legitimate concerns. In the case of a currency devaluation, we will observe how it develops after a pandemic,” Lindner wrote in a tweet.

Lindner said the business-friendly Liberal Democratic Party will be the smallest junior partner in a three-way coalition of centre-left Social Democrats and spending Greens.

“Therefore, there is no tax increase,” Lindner said, adding that the three parties have agreed to lower electricity prices by abolishing the special surcharges introduced to fund the expansion of renewable energy. rice field.

Lindner also promised that the government would return the additional income generated by rising carbon prices to households.

“Europe and Germany advocate solid fiscal and debt limits. An overly high government deficit will limit the ECB’s fight against inflation as needed,” Lindner warned.

He said the ECB should stay on top of the government by funding debtor countries or resisting pressure to pursue goals other than price stability. Deutsche Bundesbank Governor and ECB Policy Repeated by the planner Jens Weidmann.