Europe left worried by US plan on Russian assets to pay for Ukraine – POLITICO

Europe left worried by US plan on Russian assets to pay for Ukraine – POLITICO

While the signals are now strong that Europe will agree to the U.S.-led proposal to leverage the future profits of the assets to issue a €50 billion loan to Ukraine, countries such as France and Germany fear their taxpayers will be on the hook if Kyiv can’t pay the loan back once the war is … Read more

Germany’s Pistorius uses US trip to push for more defense spending at home – POLITICO

Germany’s Pistorius uses US trip to push for more defense spending at home – POLITICO

Pistorius has limited financial wiggle room to invest in Germany’s military to make it “fit for war,” as he recently put it. That is because of Germany’s so-called “debt brake,” which restricts the federal deficit to 0.35 percent of GDP, except in times of emergency.  Pistorius, a social democrat, has been campaigning to exempt defense spending from … Read more

EU nuclear weapons ‘unrealistic,’ says German defense committee chair – POLITICO

EU nuclear weapons ‘unrealistic,’ says German defense committee chair – POLITICO

Her comments follow an op-ed published the same day by Finance Minister Christian Lindner, who wrote that Europe must stick to nuclear deterrence given Trump’s comments. According to Strack-Zimmermann, Lindner was referring to France, but she stressed it’s clear that Europe as a whole must work more closely. Ramping up nuclear defense would mean getting … Read more

Germany the ‘tired man’ of Europe, finance minister admits

Germany the ‘tired man’ of Europe, finance minister admits

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 in 2021 originally earmarked … Read more

Party vote provides slight relief for Germany’s troubled coalition – POLITICO

Party vote provides slight relief for Germany’s troubled coalition – POLITICO

BERLIN — The rulers of Germany’s fractious three-party coalition government can breathe a small sigh of relief. In an internal party referendum, some 52 percent of members of the fiscally conservative Free Democratic Party (FDP) supported remaining in the ruling coalition, relieving some of the pressure on the FDP’s leadership to withdraw from the alliance … Read more

Why Germany’s lifeless coalition won’t die – POLITICO

Why Germany’s lifeless coalition won’t die – POLITICO

Press play to listen to this article Voiced by artificial intelligence. BERLIN — German Chancellor Olaf Scholz made a simple promise to Germans after taking office: “You’ll never walk alone.”  Scholz, a Social Democrat, borrowed the phrase from Liverpool Football Club’s anthem and has invoked it, mantra-like, at moments of tension, such as when Russia … Read more

Germany plans partial reform of its debt brake, Lindner says – POLITICO

Germany plans partial reform of its debt brake, Lindner says – POLITICO

German Finance Minister Christian Lindner announced plans to reform the country’s debt rules to allow more spending in times of economic downturn, while also voicing criticism over planned price increases for farmers and airlines. In an interview with German regional newspapers published Saturday, Lindner said he intends to revise an economic calculation component that defines … Read more