German Finance Minister Christian Lindner attends the weekly cabinet meeting at the Chancellery in Berlin, Germany November 22, 2023. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing Rights
Summary German economy shrinks slightly
Germany set to suspend debt brake
Finance minister wants significant "consolidation" in budget
Economy minister compares debt brake to boxing match
Majority of Germans oppose suspending debt brake – poll
BERLIN, Nov 24 (Reuters) – German Finance Minister Christian Lindner signalled the government would need to make savings worth double digit billion euros to help solve a budget crisis, though data on Friday showed growth shrinking in Europe's largest economy.
Germany signals belt-tightening but no tax rises in budget compromise comes via ChinaTechNews.com.
