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French lawmakers are set to vote on a no-confidence motion against Prime Minister Michel Barnier's government, following his controversial decision to push through a budget bill without parliamentary approval. The left-wing bloc and far-right National Rally party have united against Barnier, raising the possibility of his ousting. If successful, this would lead to a politically charged appointment of a new prime minister, with new elections not possible until next June.
Germany's government collapsed amid disputes over the debt brake, a constitutional fiscal rule limiting government debt. Chancellor Olaf Scholz's push for reform clashed with former Finance Minister Christian Lindner's strict adherence to the rule, leading to early elections in February. As the new coalition forms, debates on the future of the debt brake and potential fiscal reforms are expected, with varying opinions on the necessity and extent of changes.
Inflation in Germany has unexpectedly risen to 2.0% in October, driven by higher prices for food and services, prompting concerns about the European Central Bank's (ECB) interest rate cuts. While some experts warn of persistent inflation due to rising wages, others believe this is not indicative of a second wave of inflation. The ECB faces pressure to reconsider its monetary policy as inflation exceeds its 2% target, with predictions of further increases in the coming months.
Holger Schmieding
People
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french lawmakers to vote on no confidence in barnier government amid turmoil
11:08 03.12.2024
germany faces early elections amid debt brake tensions and coalition collapse
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08:40 22.11.2024
rising inflation raises concerns over future interest rate cuts in europe
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15:55 29.10.2024
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