12 sources·Politics

Germany's Political Crisis Deepens: Scholz Dismisses Finance Minister as Coalition Collapses

Chancellor Olaf Scholz dismisses Finance Minister Christian Lindner, leading to coalition breakup and potential snap elections in March amid economic instability.

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Updated: Nov 7th, 2024, 11:48 AM ET

Summary

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Chancellor Olaf Scholz has sacked Finance Minister Christian Lindner, triggering the collapse of Germany's ruling coalition. Scholz cited a breakdown of trust over economic policy. Two other cabinet members resigned, signaling a political crisis. Facing a potential loss of majority, Scholz plans a confidence vote on January 15, with elections possible in March. The coalition struggled over budgetary disagreements, highlighting differing visions for economic recovery. Scholz called on opposition leader Friedrich Merz for support on crucial legislation. Concerns grow over Germany's economic stability amid broader geopolitical challenges.

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