German finance minister says risk of wage price spiral is real -Breaking
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© Reuters. Christian Lindner, German Finance Minister, speaks at the election campaign for Schleswig Holstein’s Free Democrats (FDP), in Kiel, Germany on May 7, 2022. REUTERS/Fabian BimmerBERLIN, (Reuters) – Germany’s finance minister said Monday that rising wages would further fuel inflation. He also stated that the collective bargaining parties had a responsibility for preventing that from happening.
Christian Lindner, Reuters’s Monday spokesperson said that the risk of a spiral in wage prices is real.
Lindner said that government needs to ease the perceived inflationary pressure on net earnings. She also pointed out that recent relief packages had been announced.
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