German Minister Says Debt Won’t Reach Financial Crisis Level

German Finance Minister Olaf Scholz, right, delivers a speech during a budget debate as part of a meeting of the German federal parliament, Bundestag, at the Reichstag building in Berlin, Germany, Tuesday, Sept. 29, 2020. At left is German Chancellor Angela Merkel. (AP Photo/Michael Sohn)

Germany’s debt load won’t reach the level it did in the financial crisis a decade ago as a result of the coronavirus pandemic, the finance minister said Tuesday, and it will still look better than that of Germany’s peers in the Group of Seven did before the virus outbreak.

BERLIN: Germany’s debt load won’t reach the level it did in the financial crisis a decade ago as a result of the coronavirus pandemic, the finance minister said Tuesday, and it will still look better than that of Germany’s peers in the Group of Seven…

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