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In November 2023, Germany's Federal Constitutional Court (Bundesverfassungsgericht) declared parts of the government's budget policy unconstitutional. Scholz's cabinet had reallocated unspent debt proceeds – originally designated to mitigate the COVID-19 pandemic – to its climate action budget.
Germany's governing coalition reached a deal Wednesday to resolve a budget crisis triggered by a court ruling last month, agreeing to cut some subsidies and spending while stressing that Berlin ...
The German government on Wednesday slashed its 2025 growth forecast for the country's economy, Europe's biggest, to just 0.3% after it shrank for two consecutive years. The new projection is much ...
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 ...
8 January – Farmers block highway access roads in parts of Germany, launching a week of protests against a government plan to remove tax breaks on diesel used in agriculture. [2] 10 January – Protests are held across Germany calling for a ban of Alternative for Germany in the wake of the Meeting of right-wing extremists at Potsdam in 2023 ...
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) -Chancellor Olaf Scholz will call on Germany's parliament on Monday to declare it has no confidence in him, taking the first formal step towards securing an early national ...
Germany entered talks for softening its export stop of protective gear for other European Union states. [198] The government decided to give financial support to artists, private cultural institutions and event companies that struggle in the crisis. [199] Scholz and Altmeier assured unlimited credits to all companies of any size. [200]