Comments by German finance minister, Olaf Scholz
- 2020 budget is expansionary
- Says that budget will tackle great challenges, including global trade disputes
- Germany is not in a crisis, has solid fiscal position
- Says "we will react should there be a crisis"
The pressure is really on the German government to really loosen the purse strings. I want to say it's only a matter of time given the trajectory that the German economy is headed towards but if negative rates can't convince them to do so, then I don't know what will.
