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Germany in good position to weather Brexit, trade shocks - Scholz

Germany in good position to weather Brexit, trade shocks - Scholz
FILE PHOTO - Finance Minister Olaf Scholz addresses a news conference to present the budget plans for 2019 and the upcoming years in Berlin, Germany March 20, 2019. REUTERS/Fabrizio Bensch -  Copyright  FABRIZIO BENSCH(Reuters)
Copyright FABRIZIO BENSCH(Reuters)
By Reuters
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BERLIN (Reuters) - With solid public finances and a vibrant domestic economy, Germany is well placed to withstand headwinds from a weakening world economy, trade disputes and the risk of a no-deal Brexit, Finance Minister Olaf Scholz said on Wednesday.

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"The economic situation in Germany remains good," Scholz said. "We cannot find funding for everything we want but we can finance a lot," he said, referring to falling tax revenues as the economy grows at a slower pace.

(Reporting by Madeline Chambers, writing by Joseph Nasr, editing by Michelle Martin)

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