German Finance Minister: Germany rejects further EU “next generation” funds

German Finance Minister Christian Lindner on Friday said that Germany rejects further EU "next-generation" funds, reported Reuters. Germany takes inflation very seriously, Lindner continued, adding that the EU must end expansive fiscal policy.

Lindner noted that discussion regarding central banks at the G7 were very open, whilst also respecting their independence and that Germany welcomes the prospect of interest rate rises. "We must bring inflation back towards 2.0% quickly," Lindner said, emphasising the G7's determination to stop inflation.