Germany’s Economy Ministry has given the green light for the funding of projects to build a European cloud infrastructure, despite a budget crisis that has left a multibillion-euro shortfall for 2024. As the ministry announced on Tuesday in response to an enquiry, projects from SAP, Deutsche Telekom and Siemens will be supported with around €450 million ($486 million). Economy Minister Robert Habeck explained that the projects will drive forward the digital transformation of the German and European economy. “The cloud infrastructure that is to be created will enable real-time data exchange and…