tldrdaily.news logo
Tag

Economy Minister

All articles tagged with #economy minister

economy2 years ago

Argentina's Economy Chief Frontrunner Advocates Milei's Radical Shock Therapy for Central Bank Closure

Luis Caputo, the frontrunner for the role of Argentina's new economy minister, met with local and international bank officials to discuss the economic plans of President-elect Javier Milei, who has promised "shock therapy" for the struggling economy. Caputo emphasized the need for an abrupt economic adjustment to tackle inflation, recession, capital controls, and negative net reserves. While he did not confirm his appointment as economy minister, signs that Milei is leaning towards more orthodox economic policies have boosted markets. Caputo highlighted the importance of fiscal balance and a comprehensive approach to address economic challenges. Milei's government aims to lift currency controls rapidly but has no immediate plans for dollarization. Caputo also stressed the need to tackle inflation forcefully, although specific details were not provided.

via Reuters Canada|
#argentina#economic-plans#economy
politics2 years ago

"Danish Defense Minister and Economy Minister Trade Roles Following F-16 Donation to Ukraine"

The defense and economy ministers in Denmark's government have swapped places, with Jakob Ellemann-Jensen becoming the economy minister and Troels Lund Poulsen taking over as defense minister. The decision comes after Denmark donated F-16 warplanes to Ukraine, for which Lund Poulsen was considered the architect. The donation was announced alongside the Netherlands, and Ukrainian President Volodymyr Zelenskyy expressed gratitude for the support. Ellemann-Jensen also apologized for misinforming parliament regarding an Israeli arms deal.

via Yahoo News|
#defense-minister#denmark#economy-minister
international-relations2 years ago

Kuwait-Lebanon Relations at Risk due to Minister's Controversial Remarks

Kuwait has warned that bilateral ties with Lebanon could sour after Lebanon's caretaker Economy Minister, Amin Salam, urged Kuwait to rebuild a portion of Beirut's port destroyed in the 2020 blast. Kuwait's Foreign Minister criticized Salam's comments, calling them "incompatible" with political norms and urging him to retract them. This comes after tensions between Lebanon and Gulf countries, including Kuwait, escalated in 2021. Meanwhile, Kuwait has advised its citizens in Lebanon to stay vigilant due to ongoing clashes in a Palestinian refugee camp, and Saudi Arabia's embassy has urged its citizens to leave the country.

via Al Jazeera English|
#beirut-port-blast#bilateral-ties#economy-minister
economy2 years ago

Germany's Economic Decline Sparks Concerns and Soul-Searching

Germany's Economy Minister, Robert Habeck, warns that the country will face five challenging years of transitioning to a green industrial base, which will burden its people. Habeck urges the government to approve subsidies to protect the industrial sector. The International Monetary Fund predicts a 0.3% contraction in Germany's economy this year. Habeck attributes the downturn to high energy prices, high interest rates, and a slowdown in global trade. He proposes state support in the form of electricity price caps for energy-intensive companies to help them withstand the challenges of the transition. However, the proposed subsidies lack majority support within the governing coalition. Habeck argues that Germany must choose between breaking debt rules or risking the loss of its industrial base.

via POLITICO Europe|
#economy#economy-minister#germany
politics2 years ago

"Finland's Economy Minister Resigns Amid Nazi References Controversy"

Finland's economy minister, Vilhelm Junnila, has resigned after attending a far-right event with links to neo-Nazis and making jokes about Nazism. Junnila, a member of the right-wing populist Finns Party, stepped down after just 10 days in office and surviving a no-confidence vote. The resignation comes as the party became part of a government coalition earlier this month.

via POLITICO Europe|
#economy-minister#far-right-event#finland
politics2 years ago

Finnish Economy Minister Resigns Amid Nazi Controversy

Finland's economy minister, Vilhelm Junnila, has resigned following allegations of ties to right-wing extremists and making distasteful Nazi jokes. Junnila, a member of the anti-immigrant Finns Party, stepped down after surviving a vote of no-confidence. He had faced criticism for a speech related to a far-right memorial and for making repeated Nazi jokes. Junnila's resignation makes him the shortest-serving minister in Finnish politics, raising questions about the viability of the ruling coalition.

via DW (English)|
#economy-minister#finland#nazi-comments
politics2 years ago

"Finland's Economy Minister Resigns Amid Nazi References Controversy"

Finland's economy minister, Vilhelm Junnila, has resigned after just 10 days in office following controversy over Nazi references he made at a far-right event four years ago. Junnila apologized for his remarks and survived a no-confidence vote, but ultimately decided to step down to avoid damaging the government and Finland's reputation. The resignation comes shortly after his party, the nationalist Finns Party, joined Finland's new right-wing coalition government.

via BBC|
#economy-minister#far-right-event#finland