German FinMIn Scholz: Germany's public debt could fall below EU ceiling this year

Dhwani Mehta FXStreet

Germany’s Finance Minister Olaf Scholz was on the wires late-Sunday, via Reuters, speaking at the annual open day at which Berlin’s ministries open their doors to the public.

Key Quotes:

“Germany’s debt levels could fall below 60 percent of economic output earlier than the originally planned target of 2019.”

Scholz reaffirmed Germany’s commitment to meeting the so-called Maastrict criteria, the public debt element of which has been breached by most participants since the 2008 financial crisis, implying that Germany’s debt could fall even further.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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