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(Bloomberg) -- German Chancellor Olaf Scholz sought to calm fears about the repercussions from last week’s ruling by the nation’s top court, pledging that his government will fix the budget turmoil the judgment unleashed.Most Read from BloombergHamas Releases 24 Hostages From Gaza After Israel Truce DealOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageXi Tolerance for Property Pain Nears Limit as Rescue EmergesTreasuries Fall as Rally Shows Signs of Exhaustion: Markets Wr

In a video statement published Friday in Berlin, German Chancellor Olaf Scholz promised that financial aid to ease the burden from high energy prices was not under threat and said a court judgment left the door open for such emergency assistance to continue.

Germany's government has blocked spending from the country's economic stabilisation fund for this year after a constitutional court ruling last week, a source close to the finance ministry said on... -November 21, 2023 at 11:12 am EST - MarketScreener

As Germany’s financial woes grow more acute, there are growing calls to suspend the country’s debt brake.

Germany's highest court has ruled that the government's 2021 reallocation of unused coronavirus pandemic credit is unconstitutional. The government's climate action budget is now €60 billion euros short.