Scholz Says Germany Should Re-Implement Debt Limits in 2022

Finance Minister Olaf Scholz said Germany should in two years time re-implement limits on the amount of new debt that the country can take on after borrowing huge sums to support the economy during the coronavirus pandemic.

“Of course it must be our perspective to have budgets from 2022 onward that meet the constitutional requirements for normal times,” Scholz, who is also the Social Democrats candidate to replace Angela Merkel as chancellor, said in an interview with the Rheinische Post published on Saturday.