The ruling coalition in Germany falls - Chancellor Scholz dismisses the finance minister, paves the way for elections
Germany's ruling coalition has collapsed after Chancellor Olaf Scholz fired the finance minister and opened the way for a snap election, sparking political chaos in Europe's biggest economy hours after Donald Trump won the US presidential election.
After the dismissal of finance minister Christian Lindner of the Free Democrats (FDP), Scholz is expected to lead a minority government with his Social Democrats and the Green Party.
He will have to rely on a united parliamentary majority to pass the legislation and plans to hold a parliamentary vote of confidence on his government on January 15. The collapse of Scholz's tripartite alliance caps months of disagreement over budget policy and Germany's economic direction, with the government's popularity sinking and far-right and far-left forces on the rise.
"We need a government that is able to act, that has the strength to make the necessary decisions for our country," Scholz told reporters.
He said he fired Minister Lindner for his obstructionist behavior in budget disputes, accusing him of putting party before country and blocking legislation on spurious grounds.
The move comes a day after the election of Republican Donald Trump as US president, with Europe scrambling to form a united response to issues including possible new US tariffs, Russia's war in Ukraine and the future of the NATO alliance.
Germany is facing a second year of economic contraction and a crisis in its economic model after the end of a gas deal with Russia in 2022 and increased competition from China.
Poll

AKEP, with a new Chairman of the Governing Council - The Council of Ministers opens applications. What are the criteria that must be met?
At the end of the mandate of the head of the Governing Council of the Electronic Communications Authority (AKEP), Tomi Frashëri, the Council of Ministers has......

Competition launches in-depth investigation in 5 wholesale markets - Price cartel for fruits and vegetables in Tirana, Elbasan, Berat, Fier and Korça
5 fruit and vegetable collection and wholesale markets will be the subject of an in-depth investigation by the Competition Authority. Specifically, the......

In which year were the most olives and oil produced? Finally, the figures speak of production 3 times higher than 20 years ago
The olive sector in our country, as part of the Mediterranean, has an ancient tradition of great socio-economic importance, strongly linked to employment and......

Regional investments in Albania/ Muhametaj: Companies participating in fairs should be exempted from VAT
On the first day of the opening of the 30th edition of the Tirana International Fair, the Regional Cooperation Table was held, where the focus of the......

Toll roads, the company that will provide the service is ready/ The National Road Operation Authority is being established, monitoring concessionaires as well
As for some new roads the application of payment for the passage is foreseen, the government has established the National Road Operation Entity, which will......

Do you want to live abroad? These are the most affordable countries in Europe for 2024!
People move abroad for many reasons to start a new job, to be closer to family or simply to explore a new country. But as the cost of living crisis......

What does Trump's return to the White House mean for NATO?
As European leaders and lawmakers reckoned on Wednesday morning with Donald Trump's landslide victory in the US presidential election, one of the main......

Loans are released, the basic interest rate is reduced by 0.25% - Easing of monetary policy, Sejko: Goes to 2.75%, control for shocks on inflation
For the second time in a few months, the Supervisory Council of the Bank of Albania decided to lower the base interest rate to 2.75%, from the 3% it was......