The German government could do little to fix supply chains beyond introducing more flexibility for port and customs authorities, but it had to make sure that its trade with China continues to flow, he said.
Mr. Scholz, historically a proponent of the trans-Atlantic alliance, is expected to adopt his predecessor’s stance toward the U.S., aligning Germany diplomatically with Washington on most big foreign policy issues while maintaining some areas of disagreement dictated by Germany’s trade interests, including the country’s close economic ties to China and, to a lesser extent, Russia.
While navigating the short-term crises, Mr. Scholz will start implementing his government’s program of structural overhauls, Prof. Fuest said, including upgrading the country’s patchy digital infrastructure and modernizing public administration, cutting CO2 emissions without harming growth or triggering social upheaval, and managing a demographic decline that economists say will trigger an acute labor shortage within two years.
Past governments have failed in similar endeavors, warned Gabor Steingart, a publisher and political analyst, noting that Mr. Scholz’s left-leaning government was unwilling to trim Germany’s generous welfare state to make it more sustainable.
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All eyes 👀 on OlafScholz
Like he has not been involved in anything over at least the past four years...
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Olaf Scholz appointed as Germany's new chancellor, replacing Angela Merkel after 16 yearsOlaf Scholz was voted in as Germany's new Chancellor on Wednesday, bringing to an end Angela Merkel's four terms at the helm of Europe's largest economy. good THIS is what a functioning democracy looks like. “German lawmakers officially pick the most German sounding leader since ‘Angela Merkel’”. Proud of my German heritage.
Source: cnnbrk - 🏆 393. / 55 Read more »
Olaf Scholz voted in to replace Merkel as Germany's leader | AP NewsBERLIN (AP) — Germany’s parliament elected Olaf Scholz as the country’s ninth post-World War II chancellor on Wednesday, opening a new era for the European Union’s most populous nation and largest economy after Angela Merkel’s 16-year tenure. Happy that her tenure is over. I wish more European leaders would be replaced soon, a lot of countries including my own needs something different. Can't do any worse than the last disaster
Source: AP - 🏆 728. / 51 Read more »
German convicted of castrating men on his kitchen tableGerman court convicts 67-year-old electrician of aggravated, dangerous and simple assault for removing the testicles of several men at their request, causing one person to die. I'm wondering why did they just go to the doctor and donate them to science or something like that, I'll take a wild stab in the dark and say these guys have something to hide probably pedophiles or something wanted to stop the urges I'm a mechanic, i was looking to do this as a sideline. Free for pedophiles.
Source: ABC - 🏆 471. / 51 Read more »
Olaf Scholz appointed as Germany's new chancellor, replacing Angela Merkel after 16 yearsOlaf Scholz was voted in as Germany's new Chancellor on Wednesday, bringing to an end Angela Merkel's four terms at the helm of Europe's largest economy. good THIS is what a functioning democracy looks like. “German lawmakers officially pick the most German sounding leader since ‘Angela Merkel’”. Proud of my German heritage.
Source: cnnbrk - 🏆 393. / 55 Read more »
Olaf Scholz voted in to replace Merkel as Germany's leader | AP NewsBERLIN (AP) — Germany’s parliament elected Olaf Scholz as the country’s ninth post-World War II chancellor on Wednesday, opening a new era for the European Union’s most populous nation and largest economy after Angela Merkel’s 16-year tenure. Happy that her tenure is over. I wish more European leaders would be replaced soon, a lot of countries including my own needs something different. Can't do any worse than the last disaster
Source: AP - 🏆 728. / 51 Read more »