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
Miguel Otero-Iglesias a senior analyst at the Elcano Royal Institute in Madrid. Faced with a choice between successfully completing the green transition, effectively achieving economic security and aiming for fiscal discipline, the European Union is confronted with a new trilemma — and it cannot accomplish all three. But while Germany — with its debt brake, … Read more
Whether it’s mutual funds, savings accounts or stock trading, millions of Canadians depend on investments for their financial future. But for some Muslims, faith took many monetary options off the table because of religious restrictions around concepts like paying — or being paid — interest. It meant for years Canadians like Ammar Maqsud, who observes those religious tenets, couldn’t even put money in … Read more
Israel is facing an impending economic catastrophe that could burden the state with insurmountable debt for generations to come, Knesset State Control Committee chairman MK Mickey Levy (Yesh Atid) said, calling for Prime Minister Benjamin Netanyahu to immediately resign from power with our without elections. Levy criticized the prime minister for prioritizing personal survival … Read more
Last ditch talks between the EU’s finance ministers planned for Wednesday on an overhaul of the EU’s public spending rules look set to fall short amid continued disagreement between Germany, France and Italy, according to officials in Brussels. French Finance Minister Bruno Le Maire and his German counterpart, Christian Lindner, will face the press on … Read more
With a major deadline to repay a pandemic era loan just over a month away, one small business owner says she’s only now being told she was never eligible for the money in the first place. The Canada Emergency Business Account (CEBA) was introduced at the height of the pandemic to help out small businesses … Read more
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
A report from Statistics Canada says that the ratio of Canadian household debt to income narrowed in the third quarter. The agency says household credit market debt as a proportion of household disposable income in the third quarter fell to 181.6 per cent, on a seasonally adjusted basis, down from 181.9 per cent in the … Read more
Health Minister Mark Holland signalled Tuesday the government is unlikely to meet the end-of-the-year deadline imposed by the NDP for passing pharmacare legislation — a condition of the supply-and-confidence agreement that was struck to keep the Liberals in power until 2025. Holland said talks are ongoing with NDP MP Don Davies, the party’s health critic, … Read more
