Speaking on the sidelines of the G7 summit in Japan, Lindner said the global economic outlook was still "fragile" and hoped that parties would not be swayed by short-termism or partisanship. Lindner's remarks underscore concerns as a meeting between the U.S. President Joe Biden and lawmakers scheduled for Friday back in Washington was
postponed
. A deal is needed to raise the government's debt ceiling to
avert a catastrophic default.
The German finance minister warned that politics was a risk to the global economy and financial market stabilisation.
"That's why we're looking at the United States in
particular these days and hoping that an adult decision will be
made with regard to the development of American government
finances and the associated effects on the global economy," he
said.
Elaborating later on what "grown-up" meant, Lindner said
it was reaching an acceptable decision that was not dictated by
party political considerations or short-term motives.
Finance leaders of the Group of Seven (G7) advanced economies are meeting in Japan to discuss issues including how far they want to go in steps to
counter China
, as well as how to support Ukraine and enforce sanctions on
Russia.
Speaking to reporters alongside Lindner, Bundesbank chief Joachim Nagel said the European Central Bank would continue to
raise interest rates
as inflation numbers remained high.
(Reporting by Christian Kraemer, Matthias Williams and Miranda
Murray; Editing by Maria Sheahan)
