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Another sign that economic inequality has risen in Germany can be seen in the fact that the number of Germans living below the poverty line has increased from 11% in 2001, [10] to 12.3% in 2004, [11] and about 14% in 2007. According to 2007 government statistics, one out of every six children was poor, a post-1960-record, with more than a third ...
In 1975, a report on poverty published by a CDU politician called Heiner Geissler estimated that 5.8 million people lived below the public assistance levels. As the opening sentence of the report put it, "Poverty, a theme long since thought dead, is an oppressive reality for millions of people."
In October 2023, Economy Minister Robert Habeck called for more immigration to Germany, saying the shortage of skilled workers was the country's "most pressing structural problem". [173] Net immigration to Germany was 663,000 in 2023, down from a record 1,462,000 in 2022.
Germany’s governing coalition has collapsed after disagreements over the country’s weak economy led Chancellor Olaf Scholz to sack his finance minister. Germany’s normally stable government ...
The collapse of Germany's governing coalition and President-elect Donald Trump's imminent return to the White House are creating new risks for the European Union's biggest economy, already in a ...
The debt limits were enacted in 2009 after the government piled up debt paying to rebuild former East Germany after Germany reunified at the end of the Cold War and when tax revenue dropped during ...
On 1 November 2024, Lindner issued an 18-page policy paper, calling for a new economic policy for the coalition. [13] Lindner called for halting new regulations, introducing new tax cuts, and cutting public spending, including on action against climate change, in order to solve the country's economic crisis. [14]
For most of this century, Germany racked up one economic success after another, dominating global markets for high-end products like luxury cars and industrial machinery, selling so much to the ...