10 months ago
31
Der Spiegel accuses Scholz of ‘leading the country into financial chaos’ as MPs scramble to plug €60bn shortfall
The German government is struggling to find a way out of a billion euro budget crisis that risks stifling its vision for environmental and industrial transformation and plunging the country into years of economic stagnation.
More immediately the consequences of a ruling by the country’s highest court – which stunned economists and policy-makers by deeming that the government’s 2024 budget broke fiscal rules enshrined in the constitution – risks toppling the already embattled two year coalition under Olaf Scholz.
Continue reading...