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As the year-end deadline on budget agreement looms, the head of the German finance ministry is projected to assume the role of the shadow chancellor. This raises concerns about Chancellor Scholz's incompetence amid his country's economic problems and public dissatisfaction.
Germany’s “know-it-all” chancellor is facing a storm of criticism over his refusal to give clear answers on how he will fix the country’s spiralling budget crisis.
BERLIN, Nov. 29 (Xinhua) -- Germany's governing coalition has been in crisis since the country's Federal Constitutional Court tore a 60 billion-euro (66 billion U.S. dollars) hole in the planned budget for the next year, by ruling against the reallocation of COVID-19 emergency funds for climate measures.
German Chancellor Olaf Scholz on Tuesday staunchly defended his government's record on spending after a bombshell court ruling on crucial debt rules sparked a budget crisis.
German Chancellor Olaf Scholz will address parliament Tuesday about an escalating budget crisis triggered by a bombshell court ruling that his government breached constitutional debt limits.- When Angela Merkel was chancellor in 2009, Germany enshrined a so-called "debt brake" in its constitution.