German Finance Minister Christian Lindner questions the effectiveness of the Inflation Reduction Act in the U.S. and advises against Germany adopting a similar approach. Lindner emphasizes that the U.S. Act has not successfully reduced inflation, contrasting it with Germany's economic situation. He suggests that the German labor market is impacting growth potential.
Good Morning from #Germany, which is against taking on more common EU debt. German Finance Minister Christian Lindner said that EU member states should take responsibility for their own finances. Lindner is trying to shut down discussion of another joint borrowing initiative as… https://t.co/JOvrXyY0QS
GERMAN FINANCE MINISTER LINDNER: THE GERMAN LABOUR MARKET IS WEIGHING ON GROWTH POTENTIAL.
Some think the Inflation Reduction Act “could be an example for Germany,” Finance Minister Christian Lindner said at #WES2024. “But I will be very polite … if we look at the economic development in the U.S., the inflation rate is higher again.” https://t.co/j91knNZklv
Lindner says Germany should avoid copying the US Inflation Reduction Act as it doesn’t reduce inflation https://t.co/Vpo44cWUgz via @KowalczeKamil https://t.co/2P3Byhnxz1
Germany isn't the "sick man of Europe" it's just "hungover," Finance Minister Christian Lindner tells me. He also dunks on the Inflation Reduction Act https://t.co/tXwC969CtN
"I ask my colleagues and political competitors," Germany's @c_lindner tells @lizrhoffman, "Why do you dream of an Inflation Reduction Act in Germany when the Inflation Reduction Act of the U.S. fails to reduce inflation?" #WES2024 https://t.co/pVpSydG2tF