German coalition reaches deal to end budget crisis

German Chancellor Olaf Scholz's coalition has reached a last-minute deal to end a budget deadlock, an official source said Wednesday, after a constitutional court ruling upended its spending plans and plunged it into a crisis. The ruling blew a huge hole in spending plans, forcing the government to adopt an emergency budget for 2023, and sending it scrambling for a new plan for 2024.

  News   Dec 13, 2023   0   64  Add to Reading List
German coalition reaches deal to end budget crisis


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German Chancellor Olaf Scholz's coalition has reached a last-minute deal to end a budget deadlock, an official source said Wednesday, after a constitutional court ruling upended its spending plans and plunged it into a crisis. The ruling blew a huge hole in spending plans, forcing the government to adopt an emergency budget for 2023, and sending it scrambling for a new plan for 2024.
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