Olaf Scholz

Germany's Coal Exit Plan will Cost more than 4 Billion Euros

German officials have agreed on a plan to shut down the nation's coal-fired power plants by the mid to late 2030s that will involve operators getting billions of euros in compensation, the government said Thursday.

German Finance Minister Olaf Scholz says coal industry operators will receive billions of euros in compensation.

Record Budget Surplus in Germany

€ 13 billion and € 500 million is Germany's budget surplus for 2019, the Berlin Finance Ministry announced, news agencies said.

The unexpectedly large positive balance is due to higher tax revenues, lower interest rates on public debt and delays in infrastructure projects.

German Finance Minister: We Have What it Takes to Deal with a Possible Economic Crisis

The German economy will be able to counteract a possible economic crisis, Finance Minister Olaf Scholz said today in an interview with the public broadcaster ARD, quoted by Reuters.

The minister, however, added that he did not expect a crisis as severe as the one that had occurred in 2008-2009.

Mitsotakis presents government’s reform agenda to Scholz

Greek Prime Minister Kyriakos Mitsotakis presented his government's reform agenda to German Finance Minister Olaf Scholz during a meeting in Berlin on Thursday morning.

The German Finance Ministry posted a tweet on the meeting held in Scholz's office, saying the new Greek government's economic policy is one of the issues that were raised.

Tsakalotos attacks handout critics as austerity fans

Finance Minister Euclid Tsakalotos on Monday dismissed officials who have expressed concern over the government's handout policy ahead of the elections - including the head of the European Stability Mechanism, Klaus Regling - as "austerity supporters," although concerns are also being raised by others much closer to home, at the Parliamentary Budget Office (PBO).