Stimulus measures should not spur inflation -Germany's Scholz
MESEBERG - Germany's government must be careful that its economic stimulus measures do not spur inflation, Chancellor Olaf Scholz said on Wednesday, shortly after his cabinet approved 32 billion euros of corporate tax cuts to boost flagging growth.
"Measures to promote the economy so targeted and so precisely developed that they do not lead to a new surge in inflation, but that they only help to stimulate growth," Scholz said at a cabinet retreat in Meseberg. "However, I would like to make one point, namely that the states and municipalities, just like the federal government, must have an interest in securing the economic strength of our country," Lindner said, calling on them to support the law.
Scholz said there were signs an economic upswing is on the way and that fighting inflation is a priority.
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