Scholz’s Dysfunctional Coalition Can’t Agree on Plan, Misses Deadline, and Germany May Start 2024 Without a Budget for the Year
For a country famed for its fiscal responsibility, Germany is behaving in strangely chaotic fashion.
Since the Constitutional Court blocked the accounting trick that would let the ruling coalition to use leftover COVID debt authorization for their climate alarmist policies, the three coalition parties have scrambled to unsuccessfully try to find an urgent solution to the 2024 budget.
They intensified their efforts to find a way to plug a 17-billion-euro ($18.3 billion) hole in next year’s budget, but, after failing to resolve the crisis overnight, uncertainty is rising about financial plans of Europe’s biggest economy.
Reuters reported:
“The failure of talks between coalition leaders before Wednesday means it is unlikely parliament will approve a 2024 budget by the end of the year,
