German Finance Head Advises US on Spending in Washington

TL/DR –

Germany’s finance minister, Christian Lindner, cautioned his coalition partners against following the US Inflation Reduction Act, arguing it has not been effective in controlling consumer prices in the US. He made these statements at an event in Washington, referring to domestic critics who urged him to relax restrictions on public spending to tackle issues like decaying infrastructure and tepid economic growth. Lindner also criticized President Joe Biden’s main economic policy.

German Minister Rejects US Inflation Reduction Act as Ineffective

Christian Lindner, Germany’s Finance Minister, has cautioned his coalition colleagues against mimicking the US Inflation Reduction Act. He stated that it has not been successful in controlling consumer prices in the world’s largest economy, despite its promising name.

Lindner, whilst speaking at an event in Washington, referred to domestic critics who have been urging him to ease constraints on public expenditure. Their goal is to tackle a series of challenges, including a dilapidated infrastructure and sluggish growth. He also critiqued President Joe Biden’s key economic policy.

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