India  

Germany's Olaf Scholz vows to modernise economy, back Ukraine, despite budget woes

IndiaTimes Tuesday, 28 November 2023
Chancellor Olaf Scholz reassured the German people and businesses that his government would support vital industries like chip factories despite a court ruling that impacted the federal budget. The ruling raised concerns about Germany's economy and strict fiscal policy, as well as the competitiveness of companies against subsidies offered elsewhere. The government is working on a budget for 2024 that may include spending curbs, and Scholz underscored support for Ukraine.
0
shares
ShareTweetSavePostSend
 

You Might Like


Related videos from verified sources

Scholz calls Erdogan's claim that Israel is fascist 'absurd' [Video]

Scholz calls Erdogan's claim that Israel is fascist 'absurd'

Chancellor Olaf Scholz says Recep Tayyip Erdogan's accusation of fascism against Israel is "absurd", days before the German leader is due to host the Turkish president for talks in Berlin. Erdogan has..

Credit: AFP English     Duration: 00:56Published

Related news from verified sources

Ukraine support of 'existential importance' to Europe: Olaf Scholz

German Chancellor Olaf Scholz defends military and financial support for Ukraine, calling it of "existential importance" to Europe amid a domestic budget crisis....
IndiaTimes