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Germany plans to return to limiting net new borrowing next year, Chancellor Olaf Scholz said yesterday, after the parties in the ruling coalition reached an agreement on the budget after a month of difficult negotiations, reports Reuters.
Germany's hastily agreed coalition pact to overcome a legal setback to its budget plans is based mainly on spending cuts that will drag further on already insipid growth in Europe's largest economy, economists said. As sought by Finance Minister Christian Lindner, an advocate of budgetary rigour, Germany will reinstate its cap on new net borrowing in 2024 and fill funding gaps worth a total 17 billion euros ($18 billion) largely with cost savings. With the restrictive monetary policy being pursued by the European Central Bank to tame inflation, and with lingering uncertainty over t...
The German government has reached a deal to solve a budget crisis following a month of tense negotiations after a court ruling threw its finances into...
Germany's hastily agreed coalition pact to overcome a legal setback to its budget plans is based mainly on spending cuts that will drag further on already insipid growth in Europe's largest economy,... -December 13, 2023 at 11:15 am EST - MarketScreener
Maximilian Hermann's weekend starts on Friday morning, when he puts his motorcycle helmet on and takes his bike out for a ride to the southern German Alps.