Germany: in the midst of a budget crisis, the country freezes its spending commitments

Germany in the midst of a budget crisis the country

The budgetary earthquake created last week by a ruling by the German Constitutional Court continues. Sixty billion euros of spending was thus canceled. The court ruled that the government had taken too much liberty with the budgetary rules. Since then, Chancellor Scholz’s coalition has been trying to assess the consequences of this decision and looking for solutions. The Ministry of Finance has just banned any expenditure involving the country for the years to come.

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