German FinMin Scholz: Germany may meet EU debt ceiling goal this or next year

While addressing the German Parliament, the country’s Finance Minister Olaf Scholz noted that Germany could meet the European Union’s (EU) Maastricht debt ceiling target, Reuters reports.

Key Quotes:

“It is good that in the tenth year of this financial crisis we can say that this year or probably next year it is possible that we will achieve the Maastricht criteria of 60 percent debt ratio.”

“It was right that the German coalition under conservative Chancellor Angela Merkel has agreed to use any financial wiggle room for defense and development spending.”