About: Olaf Scholz

Economy & Jobs 29-04-2021

Germany, France, Italy, Spain push for implementation of recovery fund

Finance ministers of Germany, France, Italy, and Spain urged member states on Wednesday (28 April) to submit their recovery plans and pressed the European Commission to speed up the assessment of the investment and reform proposals. 
Economy & Jobs 27-04-2021

France and Germany unveil green recovery plans

French Economy Minister Bruno Le Maire and German Finance Minister Olaf Scholz unveiled their national recovery and resilience plan at a joint press conference Tuesday (27 April) ahead of the indicative 30 April deadline set by the European Commission.
Coronavirus 26-04-2021

Germany faces lockdown until June as curbs fail to push down cases

Germany's coronavirus infection rate rose at the weekend despite stricter restrictions as Finance Minister Olaf Scholz cautioned he did not expect moves to ease curbs before the end of May.
Politics 09-02-2021

SPD enters election campaign focusing on the future, climate issues

Germany's Social Democrats (SPD) want to be seen as the party of the future. That is the core message of the resolution following last weekend's party retreat. But the SPD's proverbial red thread - on social issues - is missing. EURACTIV Germany reports. 
Economy & Jobs 09-12-2020

OECD criticises German frugality, urges it to ‘clear the investment backlog’

Germany needs to invest more in infrastructure, digital policy, climate protection after years of government frugality, a study by the Organization for Economic Cooperation and Development (OECD) recommends. EURACTIV Germany reports.
Economy & Jobs 01-12-2020

Eurozone agrees to reform eurozone bailout fund

European finance ministers agreed on Monday (30 November) to crucial reforms of the eurozone's bailout fund, which had been put aside for a year amid reluctance from Italy and the coronavirus crisis.
Economy & Jobs 08-10-2020

Bundestag’s investigative committee starts work on Wirecard scandal

The Bundestag's committee looking into the Wirecard case,  Germany's biggest financial scandal in years, started work on Thursday (8 October). It could be particularly unpleasant for Finance Minister and SPD chancellor candidate Olaf Scholz. EURACTIV Germany reports.
Economy & Jobs 21-09-2020

Financial scandals harm Scholz’s image as he gears up for chancellor candidacy

Olaf Scholz, Germany's finance minister and chancellor candidate for the Social Democrats (SPD), is currently in the spotlight for his involvement in two financial scandals currently shaking German politics: the Wirecard and Cum-Ex scandals. EURACTIV Germany reports.
Climate change 24-08-2020

German Social Democrats gear up for a climate election campaign

Finance Minister Olaf Scholz will lead the German Social Democrats (SPD) into the campaign for federal elections in 2021. Not an easy task for a party that faces strong competition from the Greens for number two position, behind the CDU/CSU conservatives. EURACTIV Germany reports.
Economy & Jobs 24-08-2020

Germany’s Scholz sees ‘no way back’ from EU joint debt

German Finance Minister Olaf Scholz said Sunday (23 August) that the European Union's recovery package financed by joint borrowing was a long-term measure rather than a short-term coronavirus crisis fix, contradicting Chancellor Angela Merkel.
Economy & Jobs 30-07-2020

Wirecard scandal: Bundestag inquiry committee increasingly likely

A probe into the Wirecard affair is picking up speed. At a special session of the Bundestag Finance Committee, MPs have questioned top ministers and lobbyist influence over the government is becoming increasingly clear. Setting up a special inquiry committee is becoming more likely as a result. EURACTIV Germany reports.
Economy & Jobs 29-07-2020

Wirecard scandal: Why the German government should be nervous

Have leading politicians in the grand coalition up to the Chancellor been involved in a fraudulent scheme? The Bundestag's finance committee is looking into it.
Economy & Jobs 23-06-2020

Scholz and Le Maire present a united front on digital and corporate taxation

Finance Minister and Vice Chancellor Olaf Scholz (SPD) and his French counterpart Bruno Le Maire (LREM) are confident that the current OECD negotiations on international tax systems will be concluded by the end of 2020. EURACTIV Germany reports.
Economy & Jobs 17-06-2020

German finance minister defends borrowing for economic stimulus package

For once, Germany is not shying away from debt to overcome a crisis. With the second supplementary budget, the state's additional borrowing due to the coronavirus is raised to a total of €218.5 billion. But criticism is coming from the German Taxpayers' Federation. EURACTIV Germany reports.
Economy & Jobs 15-05-2020

With almost €100 billion in tax losses, Scholz announces another stimulus package

For the German budget, the pandemic means greater expenditures and less income. For the first time since the financial crisis, tax revenues are falling but Finance Minister Olaf Scholz (SPD) is not thinking about austerity. On the contrary, another economic stimulus package is planned in June to help boost the economy, EURACTIV Germany reports.
Economy & Jobs 26-03-2020

German parliament suspends debt brake to fight coronavirus outbreak

The German lower house on Wednesday (25 March) suspended the country's constitutionally enshrined debt brake, approving a massive stimulus package by Chancellor Angela Merkel's government to weather the economic fallout from the coronavirus outbreak.
Economy & Jobs 23-03-2020

Germany set to foot massive but ‘necessary’ coronavirus bill

Coronavirus will cost Germany several hundred billion euros, according to new figures from research centre the ifo institute released on Monday (23 March). Production losses and unemployment will hurt, so Berlin will have to dig deep into its pockets. EURACTIV Germany reports. 
Economy & Jobs 18-02-2020

Eurozone ministers discuss fiscal boost options as coronavirus worries weigh

Euro zone finance ministers discussed ways to pursue a more growth-friendly fiscal policy mix on Monday (17 February), in a potential nudge to Germany and the Netherlands to spend more as fears of a downturn grow in the wake of the coronavirus epidemic.
Elections 27-11-2019

Merkel’s future in balance as SPD picks new leaders

German Chancellor Angela Merkel's political future hangs in the balance as her floundering coalition partners, the SPD, elect new leaders on Saturday.
Banking union 08-11-2019

German plan brings ‘new impetus’ to banking union, Eurogroup says

Finance ministers on Thursday (7 November) welcomed a German initiative to unblock proposals for a common bank deposit guarantee scheme in the eurozone, but questioned Berlin's request to ask additional capital buffers in return for banks holding sovereign debt.
Banking union 07-11-2019

Scholz’s proposal to complete EU banking union greeted with cautious optimism 

European decision makers welcomed on Wednesday (6 November) German finance minister Olaf Scholz’s attempt to unlock the European Deposit Insurance Scheme (EDIS) proposal, but warned of the long process still ahead to reach an agreement.
Economic governance 05-11-2019

Amid Brexit and trade wars, European industry faces economic gloom

The eurozone's manufacturing sector contracted for the ninth consecutive month in October, based on the latest Purchasing Managers' Index (PMI) calculated by the Markit firm. EURACTIV's partner La Tribune reports.
Economy & Jobs 20-09-2019

France and Germany show unity in response to US-China trade war

Paris and Berlin are sticking together in the face of the American trade threat. Both countries want to do everything possible to avoid the introduction of new customs duties between Europe and the US. EURACTIV France reports.
Global Europe 31-07-2019

Germany ‘very sceptical’ about US mission for Strait of Hormuz

Germany's Vice Chancellor and Finance Minister Olaf Scholz said on Wednesday (31 July) he was very sceptical about a request by the United States to join a military mission for the Strait of Hormuz.