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Germany's Scholz loses confidence vote, setting up early election in Feb

Business Standard LogoBusiness Standard10h ago

Germany's Scholz loses confidence vote, setting up early election in Feb - Business Standard

Quick Summary:

Chancellor Olaf Scholz lost a confidence vote in the German parliament on Monday, putting the European Union's most populous member and biggest economy on course to hold an early election in February.

Scholz leads a minority government after his unpopular and notoriously rancorous three-party coalition collapsed on Nov 6 when he fired his finance minister in a dispute over how to revitalize Germany's stagnant economy.

The confidence vote was needed because post-World War II Germany's constitution doesn't allow the Bundestag to dissolve itself.


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Category: BusinessFinance

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 22:21:09 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 757 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24447142

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Main Topics: BusinessFinance

Official Website: business-standard.com

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News Last Updated: 3 hours ago

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Publisher ID: #49

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