Germany's Scholz dismisses finance minister as coalition collapses

economictimes.indiatimes.com

German Chancellor Olaf Scholz has dismissed Finance Minister Christian Lindner, marking the collapse of the ruling coalition. Scholz cited a breach of trust and significant policy disagreements over economic strategies as reasons for the decision. The coalition, which included Scholz's Social Democrats, Lindner's Free Democrats, and the Greens, faced ongoing disputes about economic recovery plans. Scholz plans to seek a vote of confidence in January, which could lead to early elections. Germany's economy is projected to face further challenges, with potential stagnation or decline in 2024. Scholz aims to engage with opposition leader Friedrich Merz to discuss strengthening the economy and defense ahead of the vote.


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