March 22, 2018 / 8:39 AM / 10 months ago

Germany will take no new debt over next four years: SPD finance minister

FILE PHOTO: Germany's Finance Minister Olaf Scholz leaves a news conference during the 2018 G20 Conference entitled "The G20 Agenda Under the Argentine Presidency", in Buenos Aires, Argentina, March 18, 2018. REUTERS/Agustin Marcarian

BERLIN (Reuters) - Germany will pile no new debt over the next four years, Social Democrat Finance Minister Olaf Scholz said on Thursday, sticking to the strict fiscal discipline path of his conservative predecessor, Wolfgang Schaeuble.

“One thing we need for sure in order to ensure the economy remains on a good path is a solid fiscal policy and we are committed to the goal of no new debt,” Scholz told parliament.

Reporting by Joseph Nasr; Editing by Michael Nienaber

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