CashNews.co This article is an on-site version of our Europe Express newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday and Saturday morning. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. A scoop to start: Brussels is set to unlock tens of billions of […]
CashNews.co (Bloomberg) — There was no holding Olaf Scholz back as he told astonished reporters in the halls of Berlin’s chancellery building on Wednesday why he had just decided to dismiss Finance Minister Christian Lindner and bury his own three-party coalition. Most Read from Bloomberg “Anyone who joins a government must act seriously and responsibly,” […]
CashNews.co Olaf Scholz, Germany’s chancellor, right, speaks with aide Joerg Kukies at the COP27 climate conference at the Sharm El Sheikh International Convention Centre in Sharm El-Sheikh, Egypt, on Monday, Nov. 7, 2022. Islam Safwat | Bloomberg | Getty Images Jörg Kukies was appointed as Germany’s new finance minister on Thursday, as pressure mounts on Chancellor […]
CashNews.co German Chancellor Olaf Scholz in Berlin, November 6, 2024. MARKUS SCHREIBER / AP Donald Trump’s victory was supposed to tighten the ranks of the coalition that has been in power in Berlin since 2021; in the end, it precipitated its breakup. On the evening of Wednesday, November 6, the Social Democratic Chancellor Olaf Scholz […]
CashNews.co BERLIN: Germany’s center-left Chancellor Olaf Scholz announced Wednesday he was firing Finance Minister Christian Lindner, signaling the collapse of the ruling three-party coalition that relied on Lindner’s pro-business party. Scholz announced the move at a news conference following weeks of disputes among the coalition partners over ways to boost the country’s ailing economy. He […]
CashNews.co Ministers in the German government are reshuffling after its ruling coalition effectively collapsed. The opposition have called for an earlier vote of no confidence. ADVERTISEMENT German leader Olaf Scholz has replaced his finance minister with current state secretary in the chancellery Jörg Kukies, according to domestic outlets. Kukies, who worked at Goldman Sachs for […]
CashNews.co Jörg Kukies, state secretary in the chancellery, will replace Christian Lindner as German finance minister after the collapse of the ruling coalition on Wednesday night, public broadcaster ARD and several other German outlets reported Thursday morning. Kukies is seen as one of Chancellor Olaf Scholz’s closest advisors and is well known in Brussels after he […]
CashNews.co BERLIN: German Chancellor Olaf Scholz sacked his finance minister on Wednesday and said he will hold a parliamentary confidence vote in the government in January, triggering political chaos in Europe’s largest economy hours after Donald Trump won the US presidential election. After sacking Finance Minister Christian Lindner of the Free Democrats (FDP) party, Scholz […]
CashNews.co Germany’s three-party governing coalition collapsed on Nov. 6 after German Chancellor Olaf Scholz announced that he had dismissed Finance Minister Christian Lindner. The decision to fire Lindner over economic disagreements will likely propel the country into a snap election in the near term, as it is unlikely that Scholz’s Social Democratic Party (SDP) will […]
CashNews.co Germany’s ruling coalition collapsed after the chancellor, Olaf Scholz, sacked his finance minister and paved the way for a snap election – triggering political chaos in Europe’s largest economy just hours after Donald Trump won the US presidential election. Christian Lindner, the sacked minister, said: ‘The chancellor gave me an ultimatum to suspend the […]