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SHOCKING: 10 | Mind Blowing Facts

EU proposes more forgiving debt plans a decade after crisis

The European Union is considering more lenient economic recovery proposals that veer away from the grinding, top-down austerity rules that hit Greece and other countries during the financial and debt crises a decade ago

The Independent UK

Berlin lags on defence purchases after 100 billion euro pledge - sources

Germany is struggling to ramp up defence procurement or even just replace arms and munitions it has supplied to Kyiv, several sources told Reuters eight months after Chancellor Olaf Scholz pledged 100 billion euros to bring the military up to speed.

Reuters

Germany set to legalise cannabis for recreational use with sale and production also decriminalised

It would make Germany the second country in the European Union to legalise the drug

Manchester Evening News

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ECB again Eyes Jumbo Rate Hike to 'Tame Inflation Beast'

The European Central Bank is expected to set aside recession worries and deliver another jumbo interest rate hike this week to cool inflation, as Russia's war on Ukraine sends energy prices soaring. Inflation in the 19-nation eurozone climbed to an all-time high of nearly 10 percent in September, five times…

Asharq Al-Awsat

Scholz orders 3 German nuclear plants to run until mid-April

Chancellor Olaf Scholz has ordered ministers to prepare to keep all of Germany’s three remaining nuclear plants running until mid-April to fend off a possible energy crunch

The Independent UK

Unlimited travel for $2 a day: how does the Victorian opposition’s public transport proposal stack up?

Liberal plan comes after some European cities introduced free public transport and Germany trialled a €9 monthly ticket

The Guardian - AU

Crunch talks scheduled for Thursday to help solve German nuclear impasse-sources

Members of Germany's government, including Chancellor Olaf Scholz, have scheduled a call with the operators of the country's remaining nuclear plants to solve an impasse over life-time extensions, two people familiar with the matter said.

Reuters

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Germany's Lindner: Ukraine can rely on G7 finance support in times of war

Leaders from the Group of Seven (G7) rich nations have assured Ukrainian officials that they will continue to provide financial support for Ukraine as it battles invading Russian forces, Germany's finance minister said on Thursday.

Reuters

$German coalition, beset by crises, could get more fractious after vote$

German coalition, beset by crises, could get more fractious after vote

German Chancellor Olaf Scholz's faced the prospect of a more divided government after one of his coalition partners vowed to assert itself more strongly following a drubbing in a state election.

Reuters

German gas price plan exposes EU divisions over energy

Germany’s plan to spend billions of euros to help keep gas prices low for its consumers and businesses is receiving a tepid welcome from fellow European Union members

The Independent UK

Germany ready to discuss measures to contain gas prices, finance minister says

Germany is ready to discuss measures that could contain gas and power prices in the European Union, German Finance Minister Christian Lindner said on Tuesday.

Reuters

Germany unveils €200bn help for consumers and says it won’t follow UK’s route

Finance minister announces €200bn fund to protect citizens from rising gas prices driven by Russia’s war in Ukraine

The Guardian - UK

Germany to spend billions to tackle high energy prices

Germany plans to spend up to 200 billion euros helping consumers and businesses cope with the surge in energy prices

The Independent UK

Homeowners warned of ‘significant’ rise in UK interest rates

Bank of England’s chief economist speaks out after mini-budget, with financial markets expecting rates to reach up to 6%

The Guardian - UK

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The Guardian - UK

‘The jewel has lost its shine’: how the world reacted to the UK’s pound crisis

The turmoil stirred condemnation in the US, bitter memories in Greece and interest among holidaymakers in Singapore

The Independent UK

Kwasi Kwarteng vows to stick with tax cut plan despite calls to ‘reverse course’

Chancellor insists strategy ‘will work’ and promises ‘credible plan’ to address debt next month

The Independent UK

Tory donor makes huge profits from falling pound

‘It’s been helpful’, says Crispin Odey on his bets against Sterling amid market turmoil

Reuters

Germany takes over Uniper, raising rescue bill to $29 billion

Germany on Wednesday agreed to nationalise Uniper, raising the bill to rescue the gas importer to 29 billion euros ($28.7 billion) amid an escalating energy crisis that shows just how much Europe's top economy has relied on Russian fuel.

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The Times of India

Germany to nationalize gas giant Uniper in historic bailout

The German government is planning to inject about 8 billion euros ($8 billion) into Uniper SE as part of a historic agreement to nationalize the gas giant and stave off a collapse of the country’s energy sector.

The Guardian - UK

Germany to delay phase-out of nuclear plants to shore up energy security

Last two working plants were due to be mothballed, but will be used as emergency reserve into 2023 after Russia cuts off gas

The Independent UK

Germany’s massively discounted rail ticket scheme ‘saved 1.8 million tons of CO2’

The Guardian - UK

German ministers under pressure to scrap gas levy after anger over profits

Government to review aid package as energy companies who seek share of surcharge post-billion-euro earnings

Reuters

Cash-rich Germany criticised by watchdog over money laundering

Germany has been criticised by a global watchdog for failing to do enough to tackle money laundering, such as by prosecuting very few for the crime despite being one of the globe's biggest cash centres.

Tribune News Service

Germany may resort to nuclear plants to plug Russian gas gap

Germany may not be able to replace all its imports of Russian natural gas this winter and might have to resort to nuclear power to plug part of the gap, the nation’s two most powerful leaders said.

Reuters

Germany considering follow-up to 9-euro monthly transport pass - Scholz

German Chancellor Olaf Scholz on Sunday called the monthly 9 euro ticket for public transport that his government introduced to help offset soaring inflation a "big success" and announced talks for a follow-up scheme.

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