Posted 11/28/2023, 2:08:00 PM
Scholz Vows Quick Action on Germany's Budget Crisis, But Plan Remains Vague
- German Chancellor Scholz vowed to work quickly to solve budget crisis, but offered few specifics on achieving clean energy and economic modernization goals
- Cuts needed after court struck down 60 billion euros in spending on energy and relief programs
- Cuts could further slow struggling German economy, already the worst performing major economy
- Opposition leader Merz criticized Scholz's lack of ideas for country's development
- Economists say spending cuts will add to Germany's economic challenges after Russian gas cutoff