German coalition parties at loggerheads as budget crisis grows ...Middle East

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German coalition parties at loggerheads as budget crisis grows
BERLIN: Germany’s coalition partners intensified efforts on Wednesday to find a way to plug a 17-billion-euro ($18.3 billion) hole in next year’s budget after failing to resolve the crisis overnight, increasing uncertainty about financial plans in Europe’s biggest economy. The failure of talks between coalition leaders before Wednesday means it is unlikely parliament will approve a 2024 budget by the end of the year, leaving in limbo spending plans from climate projects to benefits and for local authorities. Social Democrat (SPD) Chancellor Olaf Scholz, Greens Vice Chancellor Robert Habeck and Finance Minister Christian Lindner of the fiscally conservative Free Democrats (FDP), had hoped t

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