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www.dw.com
6 months ago
Germany politics

Scholz says top court's budget ruling means 'new reality' DW 11/28/2023

Germany's coalition government is facing a budget crisis after a ruling by the Constitutional Court on borrowing.
The court ruled that unused pandemic funds cannot be repurposed for climate and green industry projects, causing a gap in government finances.
Chancellor Olaf Scholz admits that his government would have made different decisions if they had known about the ruling earlier. [ more ]
www.dw.com
6 months ago
Germany politics

Scholz addresses Bundestag over German budget crisis DW 11/28/2023

German Chancellor Olaf Scholz is addressing lawmakers about his coalition government's budget crisis.
The German government's three-way ruling coalition plans to temporarily extend the lifting of restrictions on borrowing as part of a supplementary budget.
The Karlsruhe-based Constitutional Court's ruling vetoed government plans to use pandemic funds for climate and green industry projects. [ more ]
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POLITICO
6 months ago
Germany politics

Scholz promises new budget plans 'very quickly' amid German spending crisis

German Chancellor Olaf Scholz plans to present new budget plans quickly after a court ruling caused financial disarray.
The ruling may require an emergency budget for this year.
Scholz did not provide details on where spending cuts would be made. [ more ]
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