Would you like to receive notifications on latest updates of the following headlines?

Germany's Coalition in Impasse Over 2025 Budget

POSTED ON June 23, 2024 •   World      BY Abiodun Saheed Omodara
FDP Finance Minister Christian Lindner (L), Greens Economy Minister Robert Habeck (C) and Chancellor Olaf Scholz (R) of the SPD are locked in a budget dispute l Source: AFP

The 2025 budget has become a source of intense conflict among the three parties in the German government, raising concerns that the fragile coalition may be on the brink of collapse.

Chancellor Olaf Scholz's Social Democrats (SPD), the Greens, and the liberal FDP, who took office in 2021, have until July 3 to find a resolution.

FDP Finance Minister Christian Lindner is pushing for approximately 30 billion euros in savings, a demand that has been met with resistance from the Greens and SPD.

This budget dispute, which is unprecedented in its duration, is exacerbated by Germany's economic challenges, including high inflation and a slowdown in manufacturing.

The coalition's ability to remain in power hinges on the outcome of these negotiations, with all three parties also grappling with dwindling public support following the recent EU elections.

Key points of contention include unemployment benefits, with Lindner advocating for limitations on current payouts, citing their cost and lack of incentivizing effect.

READ ALSO
Trump Launches Investigation into Kamala Harris over Celebrity Endorsements
BY Abiodun Saheed Omodara May 19, 2025 0

US President Donald Trump announced on Monday that he plans to initiate a “major investigation...

READ ALSO
Trade Tensions Rise as South Korea and U.S. Prepare for Key Discussions
BY Abiodun Saheed Omodara May 16, 2025 0

AFP - South Korea is prepared to restart tariff discussions with Washington during an important APEC...

READ ALSO
Will Pope Leo XIV Lose His American Citizenship? A Legal and Diplomatic Puzzle Unfolds
BY Abiodun Saheed Omodara May 14, 2025 0

VATICAN CITY – When Cardinal Robert Francis Prevost was elected Pope Leo XIV on May 8, he beca...

READ ALSO
China, Nigeria Strengthen Diplomatic Ties through Cultural Exchange
BY Abiodun Saheed Omodara May 12, 2025 0

ABUJA, Nigeria - China and Nigeria are seeking to strengthen their diplomatic ties through cultural...

READ ALSO
Human Rights Monitors Urge UN Action Against U.S. Mass Deportations of Migrants
BY Abiodun Saheed Omodara May 9, 2025 0

ABUJA, Nigeria - The Human Rights Monitors, a group of Civil Society Organisations (CSOs), is urging...

READ ALSO
JUST IN : Vatican appoint New Pope
BY Abiodun Saheed Omodara May 8, 2025 0

The Vatican has appointed Cardinal Robert Prevost as Pope Leo XIV, marking him as the 267th leader o...

READ ALSO
EU Unveils Plan to Eliminate Russian Gas Imports by 2027
BY Abiodun Saheed Omodara May 8, 2025 0

The EU introduced a long-awaited initiative to eliminate its remaining gas imports from Russia by th...

READ ALSO
ECOWAS Leaders Call for Action against High Airfares to Boost Regional Integration
BY Abiodun Saheed Omodara May 7, 2025 0

Speaker of the ECOWAS Parliament Mémounatou Ibrahima and other stakeholders have decried the...

OUR CHANNELS:

Yahaya Signs Electricity Bill to Foster Investment and Regulation
BY Abiodun Saheed Omodara May 22, 2025 0

Governor Inuwa Yahaya has officially enacted the Gombe State Electricity Bill, 2025. This announce...


LASG shut 5 Orphanages, Rescued over 200 children Amid Child Trafficking
BY Abiodun Saheed Omodara May 22, 2025 0

The Lagos State government has closed down five orphanages over the past year due to issues such as...


FG to Auction 753 Housing Units Recovered from Ex-CBN Governor Emefiele
BY Abiodun Saheed Omodara May 22, 2025 0

ABUJA, Nigeria - The Federal Government has declared its intention to sell 753 housing units that we...


Emir Removes Village Chief Amid Kidnapping, Sexual Assault Allegations
BY Abiodun Saheed Omodara May 22, 2025 0

KASTINA, Nigeria - The village chief of Mantau in Yarmaulu, Baure Local Government Area of Katsina S...


Leon Balogun Bids Farewell to Rangers, After Contract Expires
BY Abiodun Saheed Omodara May 22, 2025 0

Leon Balogun, a defender for the Nigerian national football team, has left Scottish club Rangers Foo...


Verydarkman to Compensate Falana and Falz in Character Defamation Case
BY Abiodun Saheed Omodara May 22, 2025 0

A social media celebrity, Martins Otse, popularly called Verydarkman, has been mandated by a Lagos H...


FRSC, Amotekun Collaboration to Recover Stolen Vehicle
BY Abiodun Saheed Omodara May 22, 2025 0

The Osun State Security Network, known as Amotekun Corps, has reported the recovery of a vehicle and...


CBN Holds Interest Rate Steady at 27.50% Amid Inflation Concerns and Economic Recovery Efforts
BY Abiodun Saheed Omodara May 22, 2025 0

ABUJA, Nigeria — The Central Bank of Nigeria (CBN) has once again held its benchmark inte...


I AM IGBO by Blood, Davido Affirms Igbo Heritage
BY Abiodun Saheed Omodara May 22, 2025 0

Nigerian music star David Adeleke, aka Davido has responded to a controversial social media post tha...


Soyinka Urges Youth to Embrace Ancestral Languages for Cultural Identity
BY Abiodun Saheed Omodara May 22, 2025 0

Nobel laureate Prof. Wole Soyinka has emphasized the importance of promoting Nigeria's indigenous la...


More Articles

Load more...

Menu