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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 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 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 ...
The collapse of Germany's government could have a silver lining for the euro zone's ailing economy with potentially higher spending likely to support its currency and stock markets, even if the ...
Austria: Austrian Chancellor Sebastian Kurz stated: "it hasn't become clear what Germany intends to do here." He wanted to wait and see if the compromise would become government policy. "Should this agreement thus become the German government position, we see ourselves forced to take action to avert disadvantages for Austria and its population ...
German Chancellor Scholz is facing pressure to hold a confidence vote after he fired his minister of finance this week and faces a collapsing government that no longer holds a majority in parliament.
West Germany was a founding member of the European Community in 1958, which became the EU in 1993. Germany is part of the Schengen Area, and has been a member of the eurozone since 1999. It is a member of the United Nations, NATO, the G7, the G20 and the OECD. The Economist Intelligence Unit rated Germany a "full democracy" in 2022.