First they roll out a foreign minister who talks tough to Russia and then they provide a finance minister who has trouble spending other people’s money.
Damn. Maybe I could become a social democrat (bourgeois socialist), too.
Germany’s new Social Democrat finance minister, Olaf Scholz, is frustrating both key ally France and his own struggling center-left party by adopting the same fiscal rigor as his conservative predecessor, Wolfgang Schaeuble.
During his first two months as treasury chief of Europe’s largest economy, Scholz has committed to a continued goal of no new debt and limited public spending.
“We act pragmatically and properly – and do not worship a fetish (of fiscal conservatism).”