Posted 11/22/2023, 8:19:00 PM
Scholz Vows Fast Action on Budget Gap After Court Ruling Limits Debt
- Scholz promises to present new budget plans "very quickly" after court ruling caused €60B shortfall
- Ruling throws into doubt future payments for energy, green transition, and chip manufacturing
- Ruling likely limits using special funds to circumvent debt brake rule limiting deficits
- May require "emergency" budget for this year to cover €30B+ in energy subsidies
- Finance Minister Lindner evades clearly stating if debt rules may be relaxed for this year