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German Federal Finance Minister Jörg Kukies during the meeting of the European Union Economic and Finance Ministers within the framework of the Eurogroup at the European Council in Brussels, Belgium on December 9, 2024.
Martin Bertrand/Hans Lucas | Afp | Getty Images
It is vital that Germany begins a period of economic growth, the country’s Finance Minister Jörg Kukies told CNBC on Thursday, adding that structural weaknesses must be addressed.
“We’ve just revised the growth forecasts for the IMF again,” Cookies told CNBC’s Karen Tso and Steve Sedgwick at the World Economic Forum in Davos.
“The structural weaknesses of our economy must be eliminated,” he added. “It is very important that we get on the path of economic growth.”
Kukies became Germany’s finance minister in November, succeeding Christian Lindner, who was fired by Chancellor Olaf Scholz after months of controversy and clashes over the economy and the budget.
Lindner’s dismissal effectively ended Germany’s former ruling coalition, which consisted of Scholz’s Social Democratic Party, Lindner’s Free Democratic Party, and the Green Party. This, in turn, led to the postponement of the national elections in Germany to February 23.
“Elections are economics,” Kukies added.
This is breaking news that will be updated soon.
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