The German Finance Ministry has expressed regret over the insolvency of FTI and is assessing the consequences. Finance Minister Christian Lindner emphasized that there will be no savings on domestic or external security, nor on modernizing infrastructure. Lindner also stated that it is inconceivable that Germany will not adopt a budget and a package to bring dynamism to the economy. Meanwhile, Germany's coalition government is under pressure to raise cash to address budget cuts after a key funding tool was struck down by the nation's top court last year. The EU has approved a €1.75 billion compensation deal for the coal exit of utility LEAG and is asking Germany to add a profit-based backstop to the €1.8 billion coal exit payout.
EU asks Germany to add backstop to €1.8 billion coal exit payout https://t.co/COyYbr8d0J via @petrasorge https://t.co/2KsNrZMJ5B
The EU is asking Germany to add a profit-based backstop to a €1.75 billion coal exit payout https://t.co/4yN5KwBbSy
German Finance Minister: inconceivable we won't agree budget, economy package - Reuters https://t.co/XXkdggQVZn
⚠️ GERMAN ECONOMY MINISTRY: EU APPROVES 1.75 BLN EUR COMPENSATION DEAL FOR COAL EXIT OF UTILITY LEAG
South Africa's fiscal stance to stay balanced under coalition, Treasury says https://t.co/DYVoFFRQeN https://t.co/IJJaTzZx4c
⚠️ GERMAN FINANCE MINISTER LINDNER: IT IS INCONCEIVABLE TO ME THAT WE WILL NOT ADOPT A BUDGET AND A PACKAGE TO BRING DYNAMISM TO ECONOMY
GERMAN FINANCE MINISTER LINDNER: IT IS INCONCEIVABLE TO ME THAT WE WILL NOT ADOPT A BUDGET AND A PACKAGE TO BRING DYNAMISM TO ECONOMY
⚠️ GERMAN FINANCE MINISTER LINDNER: WE WILL NOT MAKE SAVINGS ON DOMESTIC OR EXTERNAL SECURITY, NOR ON MODERNISING INFRASTRUCTURE
GERMAN FINANCE MINISTER LINDNER: WE WILL NOT MAKE SAVINGS ON DOMESTIC OR EXTERNAL SECURITY, NOR ON MODERNISING INFRASTRUCTURE
⚠️ DIRECTOR-GENERAL OF SOUTH AFRICA'S NATIONAL TREASURY: WE INTEND TO CONTINUE A BALANCED FISCAL STANCE UNDER A COALITION GOVERNMENT
⚠️ SWEDISH FINANCE MINISTER: INVESTMENT IN INFRASTRUCTURE, ENERGY, TAX REFORM WILL BE CENTRAL TO BOOST GROWTH
Germany’s coalition government is under pressure to raise cash to help defuse a dispute over budget cuts after a key funding tool was struck down by the nation’s top court last year. Asset sales is one way to go https://t.co/KMWIrkmSkH via @Swetha_Gopinath @naomikresge https://t.co/MMhrANesLP
⚠️ GERMAN FINANCE MINISTRY SPOKESPERSON ON FTI: REGRETS INSOLVENCY, NEED TO LOOK AT CONSEQUENCES
GERMAN FINANCE MINISTRY SPOKESPERSON ON FTI: REGRETS INSOLVENCY, NEED TO LOOK AT CONSEQUENCES