Germany signals belt-tightening but no tax rises in budget compromise

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.…

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