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Germany warns of stalemate on EU fiscal rules reform

Finance minister Christian Lindner sees ‘no landing zone’ between member states over debt reduction plans

Germany’s finance minister has warned that EU states are failing to bridge their differences in contentious talks over reform of the bloc’s fiscal rules, denting hopes of a deal by the end of the year.

Christian Lindner’s remarks to the Financial Times suggest he is not backing down from demands for a steeper reduction in public debt, setting the stage for a showdown with countries like France and Italy that want a more flexible regime.

“There is still no landing zone — a solution that convinces everyone,” he said.

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