Business Maverick: Scholz’s push to make Germany a real military force hits trouble

Chancellor Olaf Scholz signature policy to boost Germany’s military prowess is struggling to get off the ground.

In addition to the votes from his centre-left coalition government, Scholz needs the backing of the main opposition conservatives to reach the two-thirds majority required to bake the new funding into the German constitution. But a vote set for this Friday had to be postponed because the parties could not agree on how the money should be spent. It’s not clear when talks will be rescheduled.

“The special fund guarantees the freedom and security of our country during this difficult time,” he said. “It is also a clear message to friends and allies: Yes, we mean it seriously when we talk about the duty of assistance and collective defence.” “Unfortunately, many of our questions have not been answered,” he said. “That’s why we as Liberal Democrats decided shortly after 9 a.m. to leave this meeting.”

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Stocks Selloff Deepens With Nasdaq 100 Sinking 3%: Markets WrapUS stocks extended declines as investors assessed the growth outlook as monetary policy tightens and the impact on earnings from higher prices. The dollar and Treasuries gained amid a pickup in haven bids.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Tencent Signals Tech Crackdown Will Wind Down Only GraduallyTencent Holdings Ltd. warned it will take time for Beijing to act on promises to prop up the Chinese tech sector, suggesting the embattled industry may struggle to grow in the short term.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: China economy czar vows to back tech firms after crackdownChina’s top economic official gave an unusual public show of support for digital platform companies on Tuesday, suggesting Beijing may be ready to let up on a year-long clampdown on technology giants as it battles a slowing economy. The Hang Seng Tech Index has rallied as much as 6% in response. I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just $5000 i got $50,000 in 7days Williamchurch07
Source: dailymaverick - 🏆 3. / 84 Read more »