German Finance Minister: We have dangerous inflation that needs to be curbed and some government support removed

“Interest costs on government loans will rise next year,” said German Finance Minister Christian Lindner, requesting that some subsidies be removed to limit the budget deficit.
“Interest payments could reach 30 billion euros next year, compared to more than four billion euros in 2021,” Lindner said in press releases published today.
Lindner stated that subsidies intended to stimulate the purchase of electric and hybrid cars should be eliminated, noting that in some cases such vehicles are subsidized by up to 20 thousand euros over their lifetime, even for high-income earners.
“As a government, we are instructed not to raise prices further through subsidies, not to continue to accumulate debt and to suffocate ourselves with higher interest costs. We have dangerous inflation that needs to be combated,” Lindner said. .
And the German magazine “Der Spiegel” reported earlier this month that the German government plans to withdraw 16 billion euros in loans next year.
This will remain in line with the constitutional limit known as the “debt brake”, which has been suspended for the past three years to allow additional loans to help offset the effects of the coronavirus pandemic and the war in Ukraine.
Annual inflation in Germany accelerated to 7.9 percent in May, according to final estimates from the Federal Statistical Office.
Over the past month alone, consumer prices have risen 0.9 percent, after jumping 0.8 percent in April.
According to data from the Federal Statistical Office, it is the biggest inflation peak that has hit Europe’s largest economy in almost half a century.
“Inflation shows its maximum for the third month in a row, the main reason for the rise in inflation is still the rise in energy prices,” says Georg Thiel, head of Germany’s Federal Statistical Office The time when this high level of inflation was observed the winter of 1973-1974, when oil prices rose sharply due to the oil crisis.
In the context of the German issue, the International Working Group on Combat Business Laundering, known as the Financial Action Task Force (FATF), announced that Germany still has room to improve the fight against money laundering and terrorist financing.
The group added that “the Federal Republic has taken positive steps over the past five years, such as improving coordination between the federal government and state governments and increasing the number of employees in key institutions,” noting that there is a need for significant improvements in some aspects.
“This includes, for example, effective supervision of the private sector, especially the non-financial sector,” she said.
According to the group, access to information on economic property should be improved, and money laundering investigations and prosecutions should be prioritized.
The FATF is the most important international body for combating and preventing money laundering, terrorist financing and nuclear weapons financing.
At the same time, the FATF is working to promote the dissemination of these standards around the world and to monitor their implementation in member states. Delegates from more than 200 countries discussed these topics during the financial week in Berlin.
In addition, the biased e-mail addresses of Robert Habeck, Germany’s Minister of Economy, and Annallina Bierbock, Minister of Foreign Affairs, have been the subject of cyberattacks targeting their Green Party’s information technology systems.
A party spokesperson said yesterday that these accounts are no longer being used actively. It should be noted that Habek and Beerbock served as party leaders until last January.
According to data, investigations into the background of the cyber attack to Russia, where the targeted actions of the attackers and technical details prompted the security authorities to determine that the hackers may have a Russian background.
The Green Party has been attacked several times by hackers in recent weeks, a spokesman confirmed on Thursday.
As a result, the Green Network, an internal biased platform, has had limited access since June 13th. Unknown attackers have so far managed to hack the party email accounts of the new party leaders Ricarda Lange and Omid Nouripur, and in some cases redirect emails to external servers.
The party was already attacked on its IT system on May 30, after which the party lodged a complaint with the authorities.
The Berlin Public Prosecutor’s Office has launched an investigation into data espionage and data modification, in addition to the Berlin State Criminal Police Office, and the Federal Criminal Police Office is also participating in the investigation.

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