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German Economy Minister Criticizes Debt Brake and Subsidy Cuts

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German economy minister Robert Habeck criticizes sticking to what he called the country’s “inflexible” debt brake and took a swipe at finance minister Christian Lindner on prospective subsidy cuts, saying it was “all just talk”. The comments laid bare strains in Chancellor Olaf Scholz’s ruling coalition after a court ruling last week that wiped €60 billion (US$65 billion) from the federal budget sent the government scrambling for alternative sources of funding.

Germany, Economy, Minister, Debt Brake, Subsidy Cuts, Ruling Coalition, Court Ruling, Federal Budget, Funding

German economy minister Robert Habeck criticizes inflexible debt brake and prospective subsidy cuts, highlighting strains in ruling coalition following court ruling that wiped €60 billion from federal budget.

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