Germany will take no new debt over next four years, says SPD finance minister

Germany's Finance Minister Olaf Scholz said Germany is committed to the goal of no new debt. — Reuters pic
Germany's Finance Minister Olaf Scholz said Germany is committed to the goal of no new debt. — Reuters pic

BERLIN, March 22 — Germany will pile no new debt over the next four years, Social Democrat Finance Minister Olaf Scholz said today, sticking to the strict fiscal discipline path of his conservative predecessor, Wolfgang Schaeuble.

“One thing we need for sure in order to ensure the economy remains on a good path is a solid fiscal policy and we are committed to the goal of no new debt,” Scholz told parliament. — Reuters

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