Olaf Scholz

Germany planning crackdown on online tax evasion - paper

© Reuters. German Vice Chancellor and Finance Minister Olaf Scholz arrives for a news conference to present the fiscal plan for 2019-2022 in …

Germany’s Luftwaffe has just four combat-ready Eurofighter Typhoons

Europe Faces Test of Unity as Critical U.S. Trade Talks Near

© Bloomberg. Wopke Hoekstra<p>(Bloomberg) -- Leaders from the European Union voiced support for a unified position in confronting the U.S. over trade, …

Highlights from the G20 summit in Buenos Aires - Article - BNN

Germany's G20 call for multilateral trade falls on deaf US ears at summit

German Finance Minister Olaf Scholz has added his voice to calls by the IMF and others to avoid a trade war with the US. But the US' man at the G20, …

German Finance Minister sees little progress on trade at weekend G20 meeting

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German FinMin sees little progress on trade at weekend G20 meeting

BERLIN (Reuters) - German Finance Minister Olaf Scholz said he does not expect finance ministers from the Group of 20 leading economies to make much progress on resolving global trade disputes at a meeting this weekend in Buenos Aires.<p>"Unfortunately, it does not look like we will take big steps …

An interview with Germany’s finance minister, Olaf Scholz

FOLLOWING a dismal campaign, the centre-left Social Democrats (SPD) fell to their lowest post-war result in Germany’s general election last …

German Finance Minister says EU must make its own decisions on financial services

BERLIN (Reuters) - The European Union must make its own decisions and cannot have outside legislators deciding on financial services rules after Brexit, German Finance Minister Olaf Scholz said on Thursday.<p>Asked about the so-called equivalence system, which is based on Brussels granting access to …

No recapitalization of banks through euro zone bailout fund: Scholz

BRUSSELS (Reuters) - The euro zone ESM bailout fund should not take over the task of direct recapitalization of banks after its conversion, German Finance Minister Olaf Scholz told the economic and monetary committee of the European Parliament in Brussels on Thursday.<p>Scholz also called for …

Germany meets euro debt limit for first time in 17 years

FRANKFURT, Germany (AP) — The German government says its 2019 budget will comply with eurozone debt limits for the first time in 17 years.<p>The draft budget also raises defense spending — a contentious issue between Germany and U.S. President Donald Trump.<p>Finance Minister Olaf Scholz told a news …

Germany expects ECB to gradually normalize euro zone rates: Scholz

BERLIN (Reuters) - German Finance Minister Olaf Scholz said on Friday he expects the European Central Bank to eventually start gradually raising interest rates in the euro zone.<p>"We expect and hope for a gradual normalization of interest rates," Scholz said. "We cannot assume that interest rates …

Germany links careful budget to trade worries

BERLIN (Reuters) - German Finance Minister Olaf Scholz on Friday defended his balanced budget plan for this year, saying that fiscal policy should be planned while bearing in mind that restrictive trade policies could hit tax revenues.<p>"If we look at the trade development, it is justifiable to be …

Germany expects ECB to gradually normalise euro zone rates - Scholz

© Reuters. German Vice Chancellor and Finance Minister Olaf Scholz gestures during a news conference to present the fiscal plan for 2019-2022 in …

Euro 'irreversible' says German finance head Scholz amid fears of Italy exit

German finance minister Olaf Scholz said the euro is "irreversible", echoing comments made by European Central Bank Governor Mario Draghi earlier this month in response to growing anti-euro sentiment in Italy.<p>In an interview with German newspaper <i>Rheinische Post</i> to be published tomorrow morning, Mr …

Euro is here to stay: German finance minister

BERLIN (Reuters) - The euro is irreversible, German Finance Minister Olaf Scholz said in a newspaper interview to be published on Saturday when asked if the single currency will still be there in 10 years.<p>"Yes, the euro is irreversible," Scholz told the Rheinische Post. "It secures our common …

No agreement on euro zone budget, different views: German finance minister

LUXEMBOURG (Reuters) - There is no agreement among euro zone finance ministers about a joint euro zone budget with different views being expressed at a meeting in Luxembourg, Germany's finance minister Olaf Scholz said on Friday<p>"What has led to different reactions is the question of whether we need …

Deal on future of Greece possible on Thursday: Germany's Scholz

LUXEMBOURG (Reuters) - Euro zone finance ministers on Thursday could reach an agreement on the future of Greece after the end of its bailout program, German finance minister Olaf Scholz said.<p>German Finance Minister Olaf Scholz speaks during the "70 Years of Social Market Economy" anniversary event …

Germany: European bank deposit insurance scheme is long-term project

BERLIN (Reuters) - German Finance Minister Olaf Scholz said on Wednesday that a European insurance scheme (EDIS) for bank deposits was a long-term project and the conditions for it did not exist currently.<p>On Tuesday German Chancellor Angela Merkel and French President Emmanuel Macron agreed to …

Germany Is No Game of Thrones, Scholz Warns Coalition Rebels

Germany’s earnest, sober-suited finance minister, Olaf Scholz, is known more for his no-nonsense commitment to budget rigor than rhetorical …

France, Germany still split on eurozone reforms, French official says

PARIS (Reuters) - France and Germany have made progress but have yet to agree on a roadmap for euro zone reforms, French and German officials told Reuters after finance ministers from both countries held talks in Paris on Saturday.<p>FILE PHOTO - The flags of Germany, France and the European Union are …

Germany’s Olaf Scholz suggests euro clearing be moved to Frankfurt | Financial Times

Olaf Scholz, Germany’s finance minister, has called for London’s euro clearing business to be relocated after Brexit. He suggested Frankfurt.<p>“To …

Business needs to prepare for worst-case on Brexit - German finance minister

© Reuters. German Finance Minister Olaf Scholz poses for a portrait before a Reuters interview in Berlin<p>FRANKFURT (Reuters) - German finance minister …

It's up to Italy to tackle its debt pile: German Finance Minister

BERLIN (Reuters) - German Finance Minister Olaf Scholz said on Friday that it was up to Italy to deal with its debt mountain.<p>Speaking at a family-owned companies conference in Berlin, Scholz said Italy had achieved a reduction in its debt in the past and must do so in the future, or politicians …

Macron right that we must move Europe forward now - German finance minister

© Reuters. Germany's Minister of Finance Olaf Scholz walks back to his hotel after meetings at the G7 Finance Ministers Summit in Whistler,<p>BERLIN …

German finance minister says Macron is right that reforms to EU can't wait

BERLIN (Reuters) - German Finance Minister Olaf Scholz said on Wednesday French President Emmanuel Macron is right to say that reforms to the European Union and euro zone cannot wait.<p>German Finance Minister Olaf Scholz poses for a portrait before a Reuters interview in Berlin, Germany, May 30, …

U.S. trade conflict will speed up EU reforms: Germany's Scholz

WHISTLER, British Columbia (Reuters) - The European Union’s disagreement with the United States over steel and aluminum tariffs at a G7 meeting will strengthen member states’ political will to speed up reforms in the bloc, German finance minister Olaf Scholz said on Saturday.<p>Germany's Minister of …

French-German deal on euro zone 'fiscal capacity' in reach: Le Maire

WHISTLER, British Columbia (Reuters) - French Finance Minister Bruno Le Maire said on Saturday he was confident of reaching an agreement with Germany this month about creating a joint “fiscal capacity” within the euro zone.<p>French Finance Minister Bruno Le Maire walks at the Bercy Finance Ministry …

Direct impact of U.S. tariffs on EU 'limited': ECB's Weidmann

WHISTLER, British Columbia (Reuters) - U.S. tariffs on imports of steel and aluminum from the European Union are likely to have only a limited direct impact on the EU economy, but risk hurting business and consumer confidence, European Central Bank policymaker Jens Weidmann said on Friday.<p>(L-R) …

Germany's Scholz says U.S. grasps EU tariff concerns

WHISTLER, British Columbia (Reuters) - The United States appears to have understood Europe’s concerns about its latest tariffs on steel and aluminum imports, possibly paving the way for a solution at some point in the future, German Finance Minister Olaf Scholz said on Friday.<p>Germany's Minister of …