Chancellor Olaf Scholz of Germany has warned that if the situation worsens due to Russia's war in Ukraine, the government may declare an 'extraordinary emergency situation' in Germany. He emphasized the importance of Ukraine's security for Germany and Europe. Germany is also increasing spending for Ukraine's wartime needs next year, leveraging its ability to borrow money at low rates.
Germany will increase spending for Ukraine's wartime needs next year - that's enormously valuable. German government borrows money even cheaper than the US - so that might be a way to go. German chancellor Olaf Scholz is former finance minister, so he understands this headache.
Germany may declare emergency if situation in Ukraine ‘worsens’ – Scholz By how much more though? https://t.co/LdbPp9YoH3 https://t.co/Up2y2AZMPu
Chancellor Scholz: "Should the situation deteriorate due to Russia's war in Ukraine," the government may declare an "extraordinary emergency situation" in Germany.
BREAKING: 🇩🇪 ⚡After Biden, now Scholz also announces war and martial law in Germany Scholz statment: "If the situation worsens due to the war in Ukraine, the government can declare a state of emergency in Germany and a state of war! It's not just a war... It's about… https://t.co/ccPi9WXO6K
JUST IN - Chancellor Scholz: "Should the situation deteriorate due to Russia's war in Ukraine," the government may declare an "extraordinary emergency situation" in Germany.
Germany ringfenced its aid for a Ukraine amid new budget cuts. Chancellor @OlafScholz warned that Putin’s plan to wait for the west to get tired of supporting Kyiv could succeed given developments in the US and EU. The security of Germany & Europe depends on Ukraine, he said