olaf scholz

Germany’s Balanced Budget May End Finance Minister’s Career

Germany’s Balanced Budget May End Finance Minister’s Career

Olaf Scholz Photographer: Krisztian Bocsi/Bloomberg
How Germany Deflected Pressure to Spend and Even Won an Ally

How Germany Deflected Pressure to Spend and Even Won an Ally

Germany backed further off a full-scale economic stimulus at a meeting of global finance chiefs, a remarkable outcome given relentless calls for action from Europe, the U.S. and international
Germany Says It Could Spend Extra $55 Billion If Crisis Hits

Germany Says It Could Spend Extra $55 Billion If Crisis Hits

18 August 2019, Berlin: Olaf Scholz (SPD), Federal Minister of Finance, comes to the Federal Press Conference at the Federal Government's Open Day and is photographed by visitors. Photo: Michael
Germany Ready to Raise Debt If Recession Hits, Spiegel Reports

Germany Ready to Raise Debt If Recession Hits, Spiegel Reports

Germany’s government is ready to run a budget deficit if Europe’s largest economy collapses, magazine Der Spiegel reported.
Berlin’s Maddening Aversion to Fiscal Stimulus: A Traders’ Guide

Berlin’s Maddening Aversion to Fiscal Stimulus: A Traders’ Guide

Over the past decade Germany has saved like few other nations, slashing its debt from 83% of gross domestic product to 60%. But now the global economy is slowing, there’s talk of recession in Berlin,
Germany Moves to Scratch Reunification Tax Worth $21 Billion

Germany Moves to Scratch Reunification Tax Worth $21 Billion

TO GO WITH AFP STORY by Audrey KAUFFMANN and PACKAGE "Germany-east-History-20years" FILES - West Berliners crowd in front of the Berlin Wall early 11 November 1989 as they watch East German border
Frugality Gives Germany Cushion for Crisis With Balanced Budget

Frugality Gives Germany Cushion for Crisis With Balanced Budget

Germany is sticking to balanced budgets and ambitious debt targets despite slower revenue growth, creating an ever-larger fiscal cushion should an economic crisis hit.
Berlin Plans Five-Year Rent Freeze Over Housing-Crunch Anger

Berlin Plans Five-Year Rent Freeze Over Housing-Crunch Anger

Berlin plans to freeze rents in response to public outrage over a growing shortage of affordable housing, setting a legal precedent in Germany on an issue that’s increasingly creating political waves
Brussels Edition: French Disconnection

Brussels Edition: French Disconnection

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. Sign up here to get it in your inbox every weekday morning.
Brexit Deadlock Continues as EU Rebuffs Theresa May’s Demands

Brexit Deadlock Continues as EU Rebuffs Theresa May’s Demands

U.K. Prime Minister Theresa May and her top lawyer will travel to Dublin on Friday as she races to forge a breakthrough with European leaders resisting changes to their Brexit plan.
German SPD Leader Seeks to Stifle Chancellor-Candidate Debate

German SPD Leader Seeks to Stifle Chancellor-Candidate Debate

The leader of Germany’s Social Democrats sought to smother debate about who will run as the party’s candidate for chancellor at the next general election, saying it’s too early to decide with the vote
The Saturday Profile: In Germany, a Social Democrat Who Welcomes Trump’s Bluster

The Saturday Profile: In Germany, a Social Democrat Who Welcomes Trump’s Bluster

Olaf Scholz, Germany’s new finance minister, says the Trump administration “has become a catalyst for an ever closer European integration.”
With Stakes Rising, Merkel Enters the Fray to Calm Turkey Turmoil

With Stakes Rising, Merkel Enters the Fray to Calm Turkey Turmoil

Angela Merkel is reminding Turkish President Recep Tayyip Erdogan that he has a potential ally in Berlin, offering Germany’s credibility to avert a spillover of economic turmoil.
Lagarde Weighs In on Central Bank, Trade Debate: G-20 Update

Lagarde Weighs In on Central Bank, Trade Debate: G-20 Update

This weekend’s meeting of G-20 finance ministers and central bankers in Buenos Aires comes at a critical time for the global economy, as trade tensions threaten to undermine the fastest growth in
How Europe Is Bracing for Messy Brexit: Dogs, Drones, Do Nothing

How Europe Is Bracing for Messy Brexit: Dogs, Drones, Do Nothing

Brexit talks are stalled and Prime Minister Theresa May’s divorce plan faces opposition on all sides. The European Union is telling governments and companies to prepare for the chaotic scenario of
Trump Will ‘Never, Never, Never’ Divide Europe, Le Maire Says

Trump Will ‘Never, Never, Never’ Divide Europe, Le Maire Says

French Finance Minister Bruno Le Maire said the European Union will maintain a common front in response to broadsides from U.S. President Donald Trump on everything from trade to defense.
Merkel’s migration fight with her arch-frenemy threatens to tear the government apart

Merkel’s migration fight with her arch-frenemy threatens to tear the government apart

Whatever Angela Merkel else has done as the long-term leader of Germany, it’s her historic decision over migrants that continues to define her rule. The…
Investor Confidence in Euro Economy Knocked by Italy Turmoil

Investor Confidence in Euro Economy Knocked by Italy Turmoil

Investors are worried that political upheaval in Italy will derail euro-area economic growth.
U.S. Isolated at ‘G-6 Plus 1’ as Divisions Sap Western Alliance

U.S. Isolated at ‘G-6 Plus 1’ as Divisions Sap Western Alliance

The U.S.’s closest allies warned protectionist measures taken by the Trump administration threaten to create deep fissures in the Western economic alliance that end up isolating the Americans.
Germany Says It Won’t Meet Trump's Demand on Defense Spending for Years

Germany Says It Won’t Meet Trump's Demand on Defense Spending for Years

German defense spending will fall far short of levels demanded by President Donald Trump for years to come, Chancellor Angela Merkel’s defense minister said.