Germany’s Olaf Scholz fired Finance Minister Christian Lindner on Wednesday, leading to the collapse of the ruling three-party coalition. Reuters Germany’s centre-left Chancellor Olaf Scholz fired Finance Minister Christian Lindner on Wednesday, signalling the collapse of the ruling three-party coalition. German Chancellor Olaf Scholz attends a media briefing at the Chancellery after sacking Finance Minister Christian Lindner following a meeting …
As labour minister in Merkel’s first coalition government from 2007 to 2009, Scholz helped avert mass lay-offs during the financial crisis by convincing firms to cut workers’ hours with the state topping up their salaries – a policy repeated during the pandemic. Olaf Scholz, the centre-left Social Democrat candidate to succeed Angela Merkel, is one of Germany’s most influential politicians, …
The German government examined the possibility of bailing out Wirecard just three days before it collapsed, according to documents seen by Reuters showing that officials were blindsided by the country's biggest post-war fraud scandal. "The press reports that Wirecard's operating business is doing well despite the coronavirus crisis and despite the mis-steps," the document said. 'GOVERNMENT STOOD BY WIRECARD' Danyal …
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