BRUSSELS: Germany is not alone with its call for strict debt rules in the European Union, German Finance Minister Christian Lindner said and other members of the European Newsroom.
“Germany is not isolated at all. There are many member states that share our concerns,” said Lindner.
Other countries may however be less vocal, Lindner added.
The bloc’s strict debt and deficit rules have been suspended since the coronavirus pandemic prompted even frugal countries like Germany to take on large amounts of public debt, prompting calls for reform.
In April the European Commission proposed granting highly indebted countries more leeway in reducing public debt to enable needed investments.
The proposal “is not yet the landing zone” and has to be improved, Lindner said, as it does not guarantee that debt and deficits would decline “in a realistic and reliable manner.”
— dpa
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