Learn more

The German Cabinet is poised to approve the long-contested 2025 budget on Wednesday after weeks of wrangling over the finances of Europe’s largest economy. The draft, negotiated by the coalition leaders – Chancellor Olaf Scholz of the Social Democratic Party (SPD), Economy Minister Robert Habeck of the Greens and Finance Minister Christian Lindner of the pro-business Free Democratic Party (FDP), calls for a total budget of €480.6 billion (about $524 billion) – slightly less than this year. Lindner is planning new loans totalling €43.8 billion, the maximum allowed by Germany’s strict rules agai…

cuu