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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.
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. But the ruling is also impacting other "off budget" funds, with the government now having to account for the extra spending in its main budget.
A court ruling that risks torpedoing key aspects of the German government's legislative agenda has further strained the coalition but is unlikely to split it as all three parties currently stand to... -November 21, 2023 at 11:16 am EST - MarketScreener
Europe News: A court ruling in Germany has increased tensions within the coalition government, but analysts believe the parties will likely find a compromise to av
A court ruling that risks torpedoing key aspects of the German government's legislative agenda has further strained the coalition but is unlikely to split it as all three parties currently stand to lose from a breakup. The constitutional court last week ruled illegal a budget manoeuvre that would have reallocated 60 billion euros of unused pandemic funding to green initiatives, unexpectedly blowing a hole in the government's financial plans. The decision has increased tensions within Chancellor