For the German budget, the pandemic means greater expenditures and less income. For the first time since the financial crisis, tax revenues are falling but Finance Minister Olaf Scholz (SPD) is not thinking about austerity. On the contrary, another eco...
The German lower house on Wednesday (25 March) suspended the country's constitutionally enshrined debt brake, approving a massive stimulus package by Chancellor Angela Merkel's government to weather the economic fallout from the coronavirus outbreak.
Coronavirus will cost Germany several hundred billion euros, according to new figures from research centre the ifo institute released on Monday (23 March). Production losses and unemployment will hurt, so Berlin will have to dig deep into its pockets. EURACTIV Germany reports.
Euro zone finance ministers discussed ways to pursue a more growth-friendly fiscal policy mix on Monday (17 February), in a potential nudge to Germany and the Netherlands to spend more as fears of a downturn grow in the wake of the coronavirus epidemic.
Finance ministers on Thursday (7 November) welcomed a German initiative to unblock proposals for a common bank deposit guarantee scheme in the eurozone, but questioned Berlin's request to ask additional capital buffers in return for banks holding sover...
European decision makers welcomed on Wednesday (6 November) German finance minister Olaf Scholz’s attempt to unlock the European Deposit Insurance Scheme (EDIS) proposal, but warned of the long process still ahead to reach an agreement.
The eurozone's manufacturing sector contracted for the ninth consecutive month in October, based on the latest Purchasing Managers' Index (PMI) calculated by the Markit firm. EURACTIV's partner La Tribune reports.
Paris and Berlin are sticking together in the face of the American trade threat. Both countries want to do everything possible to avoid the introduction of new customs duties between Europe and the US. EURACTIV France reports.
Germany's Vice Chancellor and Finance Minister Olaf Scholz said on Wednesday (31 July) he was very sceptical about a request by the United States to join a military mission for the Strait of Hormuz.