CashNews.co Amid simmering tensions over Germany’s 2025 budget, the country’s coalition government is teetering further toward the brink of collapse after a leaked position paper by finance minister Christian Lindner from the pro-business Free Democrats (FDP) showed to be starkly at odds with coalition partners on key policy questions. The paper titled “Economic transition for […]
CashNews.co Germany’s ruling coalition has long been on shaky ground, amid increasing divisions over economic and budget policies among its three member parties. Differences about how to support the struggling German economy and the 2025 budget are causing tensions. “All in all, we think that the risk of the German government collapsing has never been […]
CashNews.co BERLIN (Reuters) – German companies are less willing to hire new staff than at any point in more than four years, data from the Ifo institute showed on Monday, as weakness in Europe’s largest economy has left its mark on the country’s labour market. Ifo’s employment barometer fell to 93.7 points in October from […]
CashNews.co The Lindner paper is just another step in an almost endless list of ever growing tensions within the German government. Up to now, the risk of snap elections had been relatively low as none of the three coalition parties had an interest in earlier elections, given their weak polling results. It now increasingly looks […]
CashNews.co German Chancellor Olaf Scholz will meet with his two coalition partners to find common ground amid rumours over an impending coalition collapse after leaders put forward contradictory plans to fix the nation’s ailing economy. A leaked document by Finance Minister Christian Lindner (FDP/Renew) raised eyebrows in Berlin on Friday (1 November), with its push […]
CashNews.co Amid growing disputes within Germany’s governing coalition, Finance Minister Christian Lindner has demanded a fundamental “reorientation” of economic policy in a policy paper made public on Friday. Lindner, a budget hawk and the leader of the pro-business Free Democrats (FDP), has been sharply at odds with the rest of Chancellor Olaf Scholz’s centre-left coalition […]
CashNews.co Germany is in a structural crisis–with falling exports, soaring energy prices, and weakening competitiveness in its most important sectors. But according to the bosses of Germany’s biggest businesses, the real problem is its workers taking too much sick leave. Several German employers have lamented a record-breaking year for absences linked to illness. Millions of […]
CashNews.co reuters_tickers This content was published on November 1, 2024 – 16:27 BERLIN (Reuters) – Germany’s finance minister is pushing for tax cuts and fiscal discipline in a position paper seen by Reuters on Friday that challenges an investment plan by the economy minister, laying bare a deep divide in the governing coalition. Christian Lindner […]
CashNews.co Upcoming negotiations on a new goal for financial support from richer countries to developing economies to mitigate and adapt to climate change will be “very difficult”, Germany’s special envoy for international climate action Jennifer Morgan told news service Tagesspiegel Background. “The question will remain open until the very last minute of the UN climate […]
CashNews.co German business executives have warned that high levels of sick leave are damaging the competitiveness of Europe’s largest economy and compounding its economic woes. Workers missed an average of 19.4 days because of illness in 2023, according to Techniker Krankenkasse, the country’s largest public health insurance provider. Preliminary figures suggest the trend is on […]