Germany’s leader vows to fix a spending crisis that’s worsening gloom in the struggling economy
German Chancellor Olaf Scholz on Friday promised quick action to fix a budget crisis after a court decision blew a large hole in the almost-finished plan for next year and threatened to disrupt spending on efforts to fight climate change and cushion the impact of high energy prices caused by Russia’s invasion of Ukraine. “Some are asking whether the financial support from the federal government, which caps high energy prices, can keep flowing or must be paid back,” he said in a video posted to X