Germany's Struggle to Escape the Budget Crisis

German Chancellor Olaf Scholz faces the challenge of solving a budget crisis after Germany's top court ruled that 60 billion euros in funding for renewable energy projects and relief for consumers violated debt limits. The government must decide on spending cuts for next year, potentially further slowing down the struggling economy. Scholz vows to promote clean energy and modernize the economy but offers few details on how to achieve these goals. The opposition criticizes Scholz for lacking a vision for the country's development. The long-term solution may take years, and economists warn that spending cuts could worsen Germany's challenges, including the impact of Russia's natural gas cutoff.
- Germany wrestles to find a way out of budget crisis The Associated Press
- Germany to Override Debt Limit, Again, to Resolve Budget Crisis The New York Times
- How destabilizing is Germany's budget crisis? | DW News DW News
- Green Energy: Germany Must Credibly Commit to Public Investment Bloomberg
- Transcript: Germany's €60bn budget hole Financial Times
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