https://feeds.thelocal.com/ Read the latest news and views from Germany in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed The German Constitutional Court rejected challenges Tuesday to Berlin's participation in the European Union's coronavirus recovery fund, but expressed some reservations about the massive package. https://www.thelocal.de/20221206/court-turns-down-afd-led-challenge-to-germanys-spending-in-pandemic Tue, 06 Dec 2022 18:23:01 +0100 court-turns-down-afd-led-challenge-to-germanys-spending-in-pandemic The German government agreed Wednesday to take on record borrowing this year to weather the economic blow of the coronavirus pandemic. https://www.thelocal.de/20210324/german-cabinet-agrees-record-levels-of-new-debt-for-2021 Wed, 24 Mar 2021 15:57:05 +0100 german-cabinet-agrees-record-levels-of-new-debt-for-2021 Germany, traditionally hostile to government borrowing, will take on €180 billion in new debt in 2021 as it grapples with the economic fallout from the coronavirus crisis, according to a draft budget agreed Friday. https://www.thelocal.de/20201127/germany-smashes-debt-rule-with-180-bn-euros-in-borrowing Fri, 27 Nov 2020 11:47:49 +0100 germany-smashes-debt-rule-with-180-bn-euros-in-borrowing Germany plans to take on €166 billion in new debt next year, according to a draft bill seen by AFP, as measures to curb the second wave of the pandemic eat into government coffers. https://www.thelocal.de/20201124/germany-to-take-on-more-new-debt-than-expected-in-2021-2 Tue, 24 Nov 2020 10:21:48 +0100 germany-to-take-on-more-new-debt-than-expected-in-2021-2 German Finance Minister Olaf Scholz said on Sunday that the European Union's recovery package financed by joint borrowing was a long-term measure rather than a short-term coronavirus crisis fix, contradicting Chancellor Angela Merkel. https://www.thelocal.de/20200823/germany-finance-minister-scholz-sees-no-way-back-from-eu-joint-debt Sun, 23 Aug 2020 13:29:25 +0200 germany-finance-minister-scholz-sees-no-way-back-from-eu-joint-debt More than 340,000 electricity customers across Germany have their power cut off each year for failing to pay bills. A new proposal from one political party aims to change this. https://www.thelocal.de/20190514/call-to-prevent-power-cuts-in-german-households-amid-rising-energy-poverty Tue, 14 May 2019 12:30:07 +0200 call-to-prevent-power-cuts-in-german-households-amid-rising-energy-poverty Berlin has been one of the main lenders to Greece during its debt crisis. While conservative parties warned that supporting Greece would come at the cost of the German taxpayer, new figures show Germany has made money on the crisis. https://www.thelocal.de/20180621/germany-made-billions-on-greeces-debt-crisis-berlin-confirms Thu, 21 Jun 2018 12:35:56 +0200 germany-made-billions-on-greeces-debt-crisis-berlin-confirms A "debt clock" in Berlin, run by German tax lobbyists to shame the government into reining in spending, is falling for the first time in its 22-year history. https://www.thelocal.de/20180105/debt-clock-in-berlin-runs-backwards-for-first-time-in-22-years Fri, 05 Jan 2018 15:21:24 +0100 debt-clock-in-berlin-runs-backwards-for-first-time-in-22-years The Greek debt crisis is back on the agenda again. With Athens needing yet more money to pay off its huge loans, Germany is once again being accused of prolonging the Hellenic tragedy. https://www.thelocal.de/20170221/heres-why-germany-is-so-tough-on-greece-over-its-debts Tue, 21 Feb 2017 15:48:33 +0100 heres-why-germany-is-so-tough-on-greece-over-its-debts Beneath the sheen of startups and hipsters, Berlin is a troubled city. Are politicians to blame or does it still need more time to recover from the Cold War? https://www.thelocal.de/20160914/who-is-to-blame-for-berlins-poverty-crime-and-debt-berlin Wed, 14 Sep 2016 17:24:12 +0200 who-is-to-blame-for-berlins-poverty-crime-and-debt-berlin New government figures show that ever more German families are living in debt. https://www.thelocal.de/20160906/ever-more-german-households-burdened-with-debt Tue, 06 Sep 2016 19:07:45 +0200 ever-more-german-households-burdened-with-debt Eurozone finance ministers agreed late on Tuesday night to pay out €10.3 billion to Greece so that it can make debt repayments due in the coming months. https://www.thelocal.de/20160525/germany-gets-its-way-over-fresh-aid-for-greece Wed, 25 May 2016 10:40:39 +0200 germany-gets-its-way-over-fresh-aid-for-greece The German government believes Greece should be granted debt relief only in 2018 after it has fully complied with its EU bailout, according to a finance ministry document seen by AFP Thursday. https://www.thelocal.de/20160519/germany-sticks-to-nein-on-debt-relief-for-greece Thu, 19 May 2016 18:20:15 +0200 germany-sticks-to-nein-on-debt-relief-for-greece The finance ministers of Germany and France said late Saturday they were optimistic of a deal soon to move Greece’s bailout ahead, reiterating that the IMF needs to be involved. https://www.thelocal.de/20160417/germany-and-france-optimistic-for-solution-to-greece-impasse Sun, 17 Apr 2016 12:45:08 +0200 germany-and-france-optimistic-for-solution-to-greece-impasse An internal government report seen by Die Welt am Sonntag predicts that Germany will have to take on uncontrollable debt if it doesn’t start making huge budget cuts now. https://www.thelocal.de/20160212/germany-must-act-now-to-prevent-debt-time-bomb Fri, 12 Feb 2016 16:36:27 +0100 germany-must-act-now-to-prevent-debt-time-bomb German Finance Minister Wolfgang Schäuble, who has taken a hard line on a third Greek bailout, said he was "confident" his eurozone peers would reach an agreement at a meeting Friday. https://www.thelocal.de/20150814/schuble-confident-of-result-at-eu-greece-talks Fri, 14 Aug 2015 18:07:08 +0200 schuble-confident-of-result-at-eu-greece-talks At a lecture in Berlin on Monday evening, Greek finance minister Yanis Varoufakis implored Germany and the country's other creditors to respect the course laid out by the radical-left Syriza government. https://www.thelocal.de/20150609/varoufakis-asks-patience-for-athens Tue, 09 Jun 2015 10:19:44 +0200 varoufakis-asks-patience-for-athens German Chancellor Angela Merkel and French President Francois Hollande on Tuesday urged speedy efforts for debt-hit Greece to reach a deal with its international creditors. https://www.thelocal.de/20150519/merkel-and-hollande-urge-speedy-greece-deal Tue, 19 May 2015 17:24:03 +0200 merkel-and-hollande-urge-speedy-greece-deal Germany reported the second-largest government surpluses as a percentage of GDP in the EU last year and was one of only four countries to stay in the black, according to a report published on Tuesday. https://www.thelocal.de/20150421/germany-had-second-highest-surplus-in-eu Tue, 21 Apr 2015 18:58:05 +0200 germany-had-second-highest-surplus-in-eu Russian Foreign Minister Sergey Lavrov accused the European Union of trying to stop Greece fighting for its own national interest on Wednesday after heavy criticism of Prime Minister Alexis Tsipras' visit to Moscow. https://www.thelocal.de/20150408/german-fear-of-greece-russia-pact-grows Wed, 08 Apr 2015 10:42:13 +0200 german-fear-of-greece-russia-pact-grows