Categories: World News

Scholz sets stage for German snap election in March as government collapses – POLITICO


Crisis talks in the coalition of Scholz’s Social Democratic Party, the Greens and Lindner’s Free Democratic Party came to a head after the FDP issued a paper with demands for liberal economic reforms that were difficult for the other two parties to accept.

Lindner’s recent policy paper, leaked to the media last week, called for tax cuts and a scaling back of climate policies in order to stimulate economic growth — both positions that put the party at odds with his coalition partners.

Central to the coalition disagreements was the adoption of the 2025 budget by parliament — in which a gap of at least €2.4 billion, and potentially far more, needs to be filled — as well as an agreement on measures to revamp the country’s ailing economy.

Trump’s victory is expected to put heavy pressure on Europe’s largest economy. An analysis from the German Economic Institute (IW) estimates that a new trade war could cost Germany €180 billion over Trump’s four years in office.

Many in Germany had hoped that the victory of Donald Trump in the U.S. election earlier in the day would force the coalition to hold together over fears that the incoming president would give Europe’s biggest economy a hard ride — targeting its all-important car industry in a trade war.

Ultimately, however, not even the looming threat of Trump proved enough for the fractious parties to put aside their differences.

This story is being updated.

pl_facebook_pixel_args = [];
pl_facebook_pixel_args.userAgent = navigator.userAgent;
pl_facebook_pixel_args.language = navigator.language;

if ( document.referrer.indexOf( document.domain ) < 0 ) {
pl_facebook_pixel_args.referrer = document.referrer;
}

!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,'script',
'https://connect.facebook.net/en_US/fbevents.js');

fbq( 'consent', 'revoke' );
fbq( 'init', "394368290733607" );
fbq( 'track', 'PageView', pl_facebook_pixel_args );

if ( typeof window.__tcfapi !== 'undefined' ) {
window.__tcfapi( 'addEventListener', 2, function( tcData, listenerSuccess ) {
if ( listenerSuccess ) {
if ( tcData.eventStatus === 'useractioncomplete' || tcData.eventStatus === 'tcloaded' ) {

__tcfapi( 'getCustomVendorConsents', 2, function( vendorConsents, success ) {
if ( ! vendorConsents.hasOwnProperty( 'consentedPurposes' ) ) {
return;
}

const consents = vendorConsents.consentedPurposes.filter(
function( vendorConsents ) {
return 'Create profiles for personalised advertising' === vendorConsents.name;
}
);

if ( consents.length === 1 ) {
fbq( 'consent', 'grant' );
}
} );
}
}
});
}



Source link

Recent Posts

What’s international reaction to Trump’s return to the US presidency? | Donald Trump News

The Middle East, China, Ukraine, NATO and economic policy are key areas of concern.Donald Trump’s election victory was driven by… Read More

4 hours ago

Snow caps Japan’s Mount Fuji to end record lapse

Reported snowfall on iconic mountain is the latest in 130 years following autumn warmth.The first snowfall has been recorded on… Read More

14 hours ago

Netanyahu Fires Yoav Gallant, Israel’s Defense Minister

Prime Minister Benjamin Netanyahu fired his defense minister, Yoav Gallant, on Tuesday over differences on the prosecution of the war… Read More

14 hours ago

People across Israel protest defence minister’s firing | Israel-Palestine conflict News

Israeli Prime Minister Benjamin Netanyahu has dismissed his defence minister, Yoav Gallant, in a surprise announcement that came as the… Read More

23 hours ago

After Spain’s Deadly Floods, Search for the Missing Grows Desperate

Some families in Spain were planning funerals on Tuesday, days after their relatives’ bodies were found in the aftermath of… Read More

1 day ago

Harris or Trump? Voting under way in US election after turbulent race | US Election 2024 News

Polling stations have opened in a number of states across the United States, with the votes deciding not only who… Read More

1 day ago

This website uses cookies.