Finance Minister Olaf Scholz ruled out taking on new debt to stimulate Germany&#...
BERLIN - Finance Minister Olaf Scholz ruled out taking on new debt to stimulate Germany’s slowing economy and blamed anemic growth this year on external factors like unresolved trade disputes and the risk of Britain leaving the European Union without a deal.
Chancellor Angela Merkel’s right-left coalition government is facing calls from EU partners and the International Monetary Fund to boost investment, while a conservative lawmaker has demanded a stimulus package to jump-start the economy. Scholz’s decision to take on no new debt has drawn criticism from both Merkel’s conservatives and his center-left Social Democrats as well as from business leaders who want lower corporate taxes.
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