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Free AccessCDU's Laschet: EU Budget Rules Must Be Reinstated After Pandemic
Speaking to Bloomberg, North Rhine-Westphalia Minister-President and centre-right Christian Democratic Union (CDU) chancellor candidate Armin Laschet states that after the pandemic EU budget rules must be reinstated.
- Also states that his party would not support changes to Germany's debt brake mechanism, and that the country must return to 'stable budget policies' once the pandemic has passed.
- Significant focus has been directed at Laschet's policies on EU spending and the debt brake given he is favourite to take over from Angela Merkel as chancellor following the September federal election. His likely partners - the environmentalist Greens - may seek to twist his arm on both these issues though, with the party in favour of more expansionary fiscal policy (in the context of German politics).
- Says that he is 'very optimistic' regarding EU-US relations.
- On China, when asked if he fears them, replies 'yes'. Says that Belt and Road initiatives in his home state have facilitated trade, but in some areas (Piraeaus Port, initiatives in sub-Saharan Africa) it has created 'dependencies'.
To read the full story
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Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.