Financial Insights That Matter BERLIN, GERMANY – NOVEMBER 15: German Finance Minister Christian Lindner gives a statement to the media at the Chancellery following the weekly government cabinet meeting on November 15, 2023 in Berlin, Germany. The topic was a ruling by the German Constitutional Court declaring that the coalition government’s shift of federal money […]
Financial Insights That Matter Germanyâs Finance Minister Christian Lindner plans cuts in areas including unemployment payments to close the âŹ17 billion ($18.5 billion) gap in the countryâs 2024 budget, according to Funke Mediengruppe. âWe will have to deal with three major cost blocks,â he told Funke newspapers in an interview published Saturday. Lindner, who leads […]
Financial Insights That Matter Skyrocketing interest rates around the globe have culminated in a worldwide housing crisis as economies deal with the problem of burgeoning unaffordable housing. Germany, Europe’s largest economy, has been dealing with slower construction amid stagnant demand, causing the property market to shrink rapidly. “The homebuilding or construction sector is the first […]
Financial Insights That Matter Germany is in a financial pickle of its own making. The coalition governmentâs attempt to repurpose âŹ60 billion ($65.5 billion) in unused pandemic funds for climate spending was ruled unconstitutional in November, forcing ministers to agree on emergency budgetary cuts, including to electric-vehicle subsidies. The economy is set to more or […]
Financial Insights That Matter EPA Robert Habeck has previously warned that the economic situation in Germany was ‘dramatically bad’ The German economy is in “troubled waters,” according to country’s economy minister. Robert Habeck said the German government’s forecast for economic growth for 2024 had been revised down from 1.3% to 0.2%. This means that Europe’s […]
Financial Insights That Matter Cannabis-related stocks such as Tilray Brands (TLRY), Canopy Growth (CGC), Aurora Cannabis (ACB) jumped on news out of Canada and Germany. In Canada, a government group brought together to study the impacts of the legalization legislation recommends the country reduce the excise taxes producers have to pay. Meanwhile, Germany has decriminalized […]
Financial Insights That Matter German industry got rich thanks partly to its close energy trading relationship with its political and economic rival Russia. The past few years have shown just how misguided that relationship was, as Russia invaded Ukraine and cut off Germanyâs cheap, vital gas supply. Now, one of Germanyâs leading renewable power bosses […]
Financial Insights That Matter German Finance Minister Christian Lindner announced plans for âŹ23 billion ($25 billion) in income-tax relief for households through 2026 even as he wrestles with his coalition partners over how to plug a hole in next yearâs budget. The proposal includes increasing the tax-free allowance for low earners, as well as lifting […]
Financial Insights That Matter Justin Sun Offers To Buy Germany’s Remaining $2.3B in Bitcoin to Stabilize Market Tron founder Justin Sun has proposed purchasing the remaining $2.3 billion worth of Bitcoin seized by the German government. This offer comes amid a series of significant Bitcoin transfers by Germany to exchanges in a bid to offload […]
Financial Insights That Matter It’s not the country of Germany that’s been selling millions of dollars worth of bitcoin, but a small German state called Saxony. The state confiscated almost 50,000 BTC in January and has been selling its holdings as per standard practice for assets seized during criminal investigations, an expert said. For days, […]