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Germany’s Government Just Collapsed—What’s Next?

Posted

November 7, 2024

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Germany’s ruling coalition led by Chancellor Olaf #Scholz imploded after months of infighting between his center-left Social Democrats, the climate-focused Greens and the pro-business Free Democrats. #germany #politics #worldnews

The unusual three-way alliance was formed in 2021 with sweeping ambitions to modernize Europe’s largest economy, but frequently faced constraints due to competing platforms. The fresh start Germany sought after 16 years under former Chancellor Angela #Merkel hit a major roadblock when #Russia invaded #Ukraine Skyrocketing energy costs contributed to surging inflation, which unsettled voters and led to a rise of populist parties.

Scholz’s government often struggled to hammer out agreements between the three parties and public bickering eroded voter support, adding to the tensions in #Berlin On Nov. 6, the latest spat escalated over Free Democrat Finance Minister Christian Lindner’s refusal to suspend Germany’s constitutional borrowing limit. Scholz and the Greens wanted to finance more military aid for #Ukraine and the modernization of Germany’s military, among other things, but Lindner, a self-proclaimed fiscal hawk, refused to budge and was fired.

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Chancellor Olaf ScholzSocial DemocratsFree DemocratsChancellor Angela MerkelUkraine SkyrocketingBerlin On NovBloomberg Originals Bloomberg QuicktakeYouTube Breaking News

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Germany’s Government Just Collapsed—What’s Next? · Bloomberg News · Sentinel