Economics

German economy made of ‘strong substance’, says state’s finance minister during Dublin visit

Minister for finance Michael McGrath says recent downturn in Europe’s largest economy should not concern smaller states like Ireland

Christian Lindner: ‘Now we have to re-arrange, we have to invest in our competitiveness, and then the unfit man will be fit again.’ Picture: Rollingnews.ie

Germany’s finance minister has said the country will only recover from its recent downturn by boosting supply as the country’s output slumped for the seventh month in a row.

Speaking during a visit to Dublin on Tuesday, Christian Lindner said that the European Union’s largest economy “is not a sick man but the problem is our fitness”, and that improving the supply side and investing in public infrastructure would help it overcome its current economic ...