German Finance Head Advises US on Spending in Washington

TL/DR –

German Finance Minister, Christian Lindner, cautioned his coalition partners against following the US Inflation Reduction Act, arguing that it has not effectively controlled consumer prices in the US. Lindner spoke out against those urging him to ease controls on public spending in order to solve issues such as deteriorating infrastructure and slow growth. He also criticized President Joe Biden’s key economic policy.

German Finance Minister Warns Coalition Partners Against Emulating US Inflation Reduction Act

Christian Lindner, Germany’s Finance Minister, has cautioned his coalition partners about following the approach of the US Inflation Reduction Act. Despite its promise, Lindner states, the Act has not successfully controlled consumer prices in America’s vast economy.

During an event in Washington, Lindner addressed domestic critics pushing for relaxed public spending controls to tackle an array of issues, from deteriorating infrastructure to stagnant economic growth. He also subtly criticised President Joe Biden’s primary economic policy.

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