Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Investing

Germany still capable of functioning, economy minister says

BERLIN (Reuters) – German Economy Minister Robert Habeck said on Thursday that Chancellor Olaf Scholz was right to fire the finance minister, spelling an end to the coalition government, and insisted that Germany was still capable of functioning.

Christian Lindner of the fiscally conservative Free Democrats had been unable to complete the fundamental task of forming a budget and lost the respect of the other cabinet members, Habeck told Deutschlandfunk radio.

“In this respect, the chancellor’s decision was a logical one. It was consistent and necessary at this point,” Habeck added.

Germany’s ruling coalition collapsed on Wednesday when years of tensions in the three-way alliance between Scholz’s Social Democrats reached their peak in a row over economic and fiscal policy.

The collapse paves the way for a snap election, triggering political chaos in Europe’s largest economy after Donald Trump won the U.S. presidential election.

Asked if Germany was still capable of functioning, Habeck told the broadcaster: “Yes, of course we are,” adding however that “we no longer have a majority in parliament.”

Habeck added that he had no intention of serving as interim finance minister.

This post appeared first on investing.com
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Latest News

    The Gateway Pundit, a far-right website, published a note from its editor on Saturday acknowledging that two election workers in Georgia did not engage...

    Latest News

    New majorities in Congress, particularly when the incoming party has a new leader, offer the rare chance for the institution to take a breath...

    Investing

    JAKARTA (Reuters) -Indonesia has asked Alphabet (NASDAQ:GOOGL)’s Google and Apple (NASDAQ:AAPL) to block Chinese fast fashion e-commerce firm Temu in their application stores in...

    Latest News

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...



    Disclaimer: alivebusinessplan.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 alivebusinessplan.com