German FinMIn Scholz: Germany's public debt could fall below EU ceiling this year

Germany’s Finance Minister Olaf Scholz was on the wires late-Sunday, via Reuters, speaking at the annual open day at which Berlin’s ministries open their doors to the public.

Key Quotes:

“Germany’s debt levels could fall below 60 percent of economic output earlier than the originally planned target of 2019.”

Scholz reaffirmed Germany’s commitment to meeting the so-called Maastrict criteria, the public debt element of which has been breached by most participants since the 2008 financial crisis, implying that Germany’s debt could fall even further.