FILE PHOTO: German Minister of Finance Olaf Scholz delivers a speech during a roundtable with the theme ‘International seminar on digital economy and social development’ at Renmin University in Beijing, China, 17 January 2019. Wu Hong/Pool via REUTERS
February 8, 2019
BERLIN (Reuters) – German Finance Minister Olaf Scholz acknowledged that a slower growth of Europe’s largest economy would lead to lower tax receipts and increased pressure on the budget, the Financial Times reported on Friday.
“We can afford a lot, but not everything, and not at the same time,” Scholz was quoted as saying.
The German economy was still continuing to move forward, and employment was at a “truly remarkable” high, the center-left minister said.
“A lot of companies are very confident about their future prospects.”
(Reporting by Thomas Seythal, Editing by Sherry Jacob-Phillips)
