Posted 11/24/2023, 5:02:00 PM
German Leader Faces Budget Crisis Threatening Climate and Energy Relief Efforts
- German Chancellor vows quick action to fix budget crisis caused by court ruling of unconstitutional deficits
- Ruling threatens spending on climate change efforts and cushioning impact of high energy prices
- Economy struggling with inflation, eroding consumer spending, skills shortage, loss of cheap Russian gas
- Government can't repurpose unused COVID-19 funds for climate change and energy relief projects
- Cuts may hit climate and transformation fund supporting renewable energy, buildings efficiency, chip production