News Analysis: Germany's 60 bln-euro budget hole leading to state crisis


BERLIN, Nov. 29 (Xinhua) -- Germany's governing coalition has been in crisis since the country's Federal Constitutional Court tore a 60 billion-euro (66 billion U.S. dollars) hole in the planned budget for the next year, by ruling against the reallocation of COVID-19 emergency funds for climate measures.

"This ruling creates a new reality -- for the federal government and for all current and future federal and state governments," German Chancellor Olaf Scholz said on Tuesday.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Exclusive-US to open two new military bases in Greenland, sources say
Kremlin says military is working to resolve humanitarian crisis in Russian-controlled Oleshky
12 U.S. states reach settlement in Paramount-Warner antitrust case
Displaced families in Yemen need urgent food, shelter support: UN
Libya's Sharara oil field output falls after pipeline valve closure
California declares state of emergency to prepare for historic El Nino season
Saudi Arabia's 1st automotive brand CEER debuts EVs
U.S. stocks close higher
Not the time to soften stance over Belarus, Lithuania says
Zelenskiy and US spy chief Ratcliffe meet in Ireland, sources say

Others Also Read