German finance minister stalls pension reform in budget wrangling, source says

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German finance minister stalls pension reform in budget wrangling, source says
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Starting next week, submitting Obituaries, In Memoriams or Cards of Thanks for our publications and online becomes easier! Simply visitBERLIN - German Finance Minister Christian Lindner has abruptly blocked a pension reform package from reaching cabinet, arguing that the spending demands of the labour ministry were excessive, a source said on Tuesday, confirming earlier media reports.

The issue spells more wrangling in Germany's three-way ruling coalition, with Lindner, the most-senior ranking cabinet member from the pro-business Free Democratic Party , blocking legislation he himself had unveiled two months ago. The finance ministry, the chancellery and the labour ministry were not immediately available for comment.

 

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