Schaeuble to meet Hammond for bilateral talks at G20 sidelines

[BERLIN] German Finance Minister Wolfgang Schaeuble will meet his newly appointed British counterpart Philip Hammond for bilateral talks at the sidelines of a G20 meeting in China on Saturday, a senior government official in Berlin said on Wednesday.

Germany expects the meeting of financial leaders from the Group of 20 major economies to focus on creating conditions for sustainable growth and strengthening the resilience of economies, the official said on the condition of anonymity.

"The issue of structural reforms will be paramount... we won't have a debate about more stimulus or not," the senior government official said.

The official added that Mr Schaeuble would push for further measures to fight global tax evasion such as sharing detailed data on the ownership of companies, trusts and foundations.

REUTERS