Germany and China are working on ways to improve market access for each other’s banks and insurers, the German finance minister said on Thursday, and he welcomed plans by China and the United States to ease trade tensions through talks. Source: Euronews
The euro zone is worried about the heavily indebted Italian economy’s weak growth and needs Rome to implement its budget plans “with credibility”, the head of the currency bloc’s group of finance ministers said. Source: Reuters
Public debt in Greece and Italy, the two most indebted countries of the euro zone, grew last year while the bloc as a whole recorded an overall decrease in its liabilities, the European Union statistics office said on Tuesday. Source: Business Recorder
Germany’s Finance Minister, Olaf Scholz had ruled out any possibility of injecting new monetary stimulus as debts to stimulate slowing German economy and blamed external factors like trade disputes and risk of United Kingdom leaving European Union behind this year’s anemic growth. Source: Financial World
