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The government attempted to cover the resulting shortfall through re-allocating already planned funds, but this resulted in the 2023–2024 German farmers' protests and further decreased the public perception of the already unpopular government. [6] [7] [8]
The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023 with a 0.3% contraction, followed by minimal growth in 2024 leaning on ...
BERLIN (Reuters) -Germany's coalition partners intensified efforts on Wednesday to find a way to plug a 17-billion-euro ($18.3 billion) hole in next year's budget after failing to resolve the ...
2024 German government crisis; M. 2024 Magdeburg car attack This page was last edited on 17 December 2024, at 05:22 (UTC). Text is available under the Creative ...
Germany's ruling coalition unveiled a supplementary budget on Monday that will temporarily lift a self-imposed cap on borrowing after a constitutional court ruling tore up the government's ...
The 20% tariffs on Europe signalled by Trump during his campaign could lead Germany's export-dependent economy to shrink as much as 1.5% in 2027 and 2028, a report by German economic institute IW ...
2024 European Parliament election in Germany: Conservative parties retain their plurality in the German contingent of the European Parliament. [50] The AfD prevails in all five former East German states. [51] 2024 Hamburg borough elections; 14 June: One person is killed and three others are injured in a stabbing attack in Wolmirstedt, Saxony ...
German economic crisis. German automotive supplier Bosch announces plans to lay off 5,550 employees, including 3,500 by 2027, as part of measures to reduce costs. Disasters and accidents. 2024 Laos methanol poisoning. A second Australian tourist dies of alcohol poisoning in Vang Vieng, Laos, bringing the death toll from the incident to six ...