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Tag: finance minister Christian Lindner

Business

‘Betrayed My Confidence’: Germany’s Chancellor Olaf Scholz Fires Finance Minister

German Chancellor Olaf Scholz fired Finance Minister Christian Lindner on Wednesday, leaving the government on the verge of collapse. Scholz said he would call a vote of confidence in his government early next year. According to a BBC report, the Chancellor said he didn’t have any trust in Linder, who leads a rival party that is a part of the ruling “traffic light” coalition government which includes — Scholz of the Social Democratic Party, Lindner of the Free Democratic Party, and Robert Habeck of the Green Party. Internal tensions had been brewing for weeks before it exploded into the open on Wednesday night. According to BBC, Scholz said that Linder had betrayed his confidence and put the interests of his party over those of the country. The announcement comes amid fears that the incomi...
Politics

German govt in crisis as Scholz’s ruling coalition collapses: All you need to know – Times of India

Germany plunged into political turmoil on Wednesday as Chancellor Olaf Scholz dismissed finance minister Christian Lindner, leading to the collapse of the ruling coalition. The breakdown of this three-party government is expected to result in early elections, potentially by March 2024, as Scholz seeks a new mandate amid deepening political divisions in Europe’s largest economy.Announcing Lindner's dismissal, Scholz cited irreconcilable differences over fiscal policy and accused his former finance minister of prioritising "party interests over national stability." The decision follows months of tensions within the coalition, with the fiscally conservative Free Democrats (FDP), led by Lindner, resisting budget compromises proposed by Scholz’s Social Democrats (SPD) and the Greens.In the face...