G20 should not hastily withdraw fiscal support, says German finance minister

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G20 should not hastily withdraw fiscal support, says German finance minister




Tuesday photo of German Finance Minister Olaf Scholz at a press conference in Berlin


© Reuters/HANNIBAL HANSCHKE
Tuesday photo of German Finance Minister Olaf Scholz at a press conference in Berlin


BERLIN, Feb 26 (Reuters) – The world’s largest economies should continue their rescue and support measures for workers and businesses due to the COVID-19 pandemic, as recovery is taking longer than initially thought German Finance Minister Olaf Scholz said on Friday.

“We must not cut back on support programs too soon and too quickly,” Scholz said before a virtual meeting of finance ministers and central bank governors from the world’s 20 largest economies, adding that he would campaign with his G20 colleagues to a continuous stimulus.

(Reporting by Michael Nienaber, edited in Spanish by Gabriela Donoso)

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