German Chancellor Olaf Scholz fired Finance Minister Christian Lindner, who leads the liberal Free Democrats, saying that he had “betrayed his confidence”. The Free Democrats were part of the three-way coalition, dubbed as the ‘traffic lights’ coalition, along with Scholz’s centre-left Social Democrats and the environmentalist Greens. Without support from the Free Democrats, the remaining partners in the coalition do not have a parliamentary majority. The Social Democrats and the Greens want to tackle this by loosening constitutional rules on public debt to allow more spending. The Free Democrats want to pay for tax cuts by slashing welfare and social budgets and pushing back environmental targets.

Source: Libya Today November 07, 2024 10:32 UTC