Germany says economic risks from Ukraine 'manageable'

12th March 2014, Comments 0 comments

German Finance Minister Wolfgang Schaeuble said Wednesday that any financial and economic fallout from the crisis in Ukraine would be "manageable" both for Germany and Europe as a whole.

"We assess the risks from the difficult situation in Ukraine to be very serious. But we believe the fallout for the economy and for financial policy is -- and will remain -- manageable, for both Germany and Europe as a whole," Schaeuble told a news conference.

As long as the crisis continued to unfold "rationally... our financial and budget planning will not be negatively affected," the minister said.

Schaeuble was presenting the government's budget planning for 2014-2018, in which Germany's biggest economy is hoping to balance its public finances and is not planning to take up any additional debt in the coming years.

© 2014 AFP

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