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Acrimonious negotiations within Germany’s coalition government over the 2025 budget are expected to drag on past an initial July 3 deadline to put forward a draft. There remain deep disagreements over how to address major budget gaps, with several ministers rejecting deep cuts put forward by Finance Minister Christian Lindner of the pro-business liberal Free Democrats (FDP). The shortfalls run into the tens of billions of dollars. Lindner has so far firmly rejected any effort to waive strict rules against government borrowing an deficit spending, despite appeals from some members of Chancellor…

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