BERLIN (Reuters) – Germany’s massive spending to shield Europe’s largest economy from the coronavirus shock has pushed overall debt to its highest level on record, data showed on Tuesday. The overall debt from federal government, regional states, municipalities and social … Read More
German Chancellor Angela Merkel (R) and German Minister of Finance Olaf Scholz (L) attend a cabinet meeting at the German chancellery in Berlin, Germany, 19 August 2020. [EPA-EFE/CLEMENS BILAN] German Finance Minister Olaf Scholz said Sunday (23 August) that the … Read More
ANGELA MERKEL has suffered fresh humiliation after her Christian Democrats (CDU) were beaten into third place in Sunday’s regional election in the eastern state of Thuringia. Preliminary results had Angela Merkel‘s Christian Democrats (CDU) polling at 21.8 percent, behind the left … Read More
German Finance Minister Olaf Scholz stated that policymakers cannot accept parallel currencies such as Facebook’s proposed Libra stablecoin. Prevent stablecoins from becoming alternative currencies As reported by Reuters, on Sept. 17, German Vice-Chancellor and Finance Minister Olaf Scholz said during a … Read More
From climate change and trembling spells to a trembling government, German Chancellor Angela Merkel faces many challenges as she returns to office post-vacation. Chancellor Angela Merkel sat down on Wednesday as she welcomed Lithuanian President Gitanas Nauseda in Berlin to the tune of military … Read More
Britain has already deployed the destroyer, HMS Duncan, to protect shipping from seizure by Iran – CREDIT: LA(PHOTO) BEN SUTTON/MOD/PA A key ally of Angela Merkel has called for Europe to set up its own naval task force in the … Read More
The German army is set to benefit from a multibillion-euro spending increase, according to Finance Minister Olaf Scholz’s draft defense budget. Germany has been under pressure to contribute more as a NATO partner. Chancellor Angela Merkel announced that Germany will … Read More
Angela Merkel’s government is stuck in an internal row over Germany’s defense spending. In his new budget, Social Democat Finance Minister Olaf Scholz offered a much lower increase than the Defense Ministry had wanted. Germany’s freshly-minted Finance Minister Olaf Scholz … Read More
The new German government is in operation since a few weeks now but there is trouble brewing afoot in Berlin. Unexpectedly, the right wing AfD is pretty quiet at the time. The CSU remains the arsonist Those who have hoped … Read More
Here’s a look at the main priorities set out in their coalition agreement, which will guide policy-making for the next four years. BERLIN: Angela Merkel finally begins her fourth term as chancellor Wednesday, ending nearly six months of political deadlock … Read More