No need yet to abandon German balanced budget over climate plan - FinMin


  • World
  • Monday, 16 Sep 2019

German Finance Minister Olaf Scholz talks to media before the informal meeting of ministers for economic and financial affairs (ECOFIN) and Eurogroup in Helsinki, Finland, 13 September 2019. Lehtikuva/Martti Kainulainen via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. FINLAND OUT. NO THIRD PARTY SALES.

BERLIN (Reuters) - Germany has enough options for funding a planned climate package and ditching its balanced-budget policy by taking on new debt should be a last resort, Finance Minister Olaf Scholz said on Monday.

Responding to voters' concerns about climate change, Chancellor Angela Merkel's ruling coalition wants to present plans on Friday to make the economy greener and put it on track to meet European Union emissions targets by 2030.

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