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German cabinet to present results of mid-term retreat

Gbemi Banks by Gbemi Banks
August 30, 2023
in Foreign, Law, News
0

Germany’s governing coalition is set to present several new laws, including plans to boost the country’s ailing economy.

This is coming after its two-day retreat in the Meseberg palace outside of Berlin draws to a close on Wednesday.

The coalition is of Chancellor Olaf Scholz’s Social Democrats (SPD), the Greens and the Free Democrats (FDP).

The coalition used the conference out of the public eye to prepare for the second half of its four-year term.

A key point of discussion was how to deal with Germany’s current difficult economic situation.

A law drafted by Finance Minister, Christian Lindne, aimed at boosting the economy with measures providing tax relief and reducing bureaucracy.

It included 50 tax relief measures that would save businesses up to 32 billion euros (34 billion dollars) by 2028.

The coalition aimed to decide on key points of the law on Wednesday.

The government also planned to initiate two laws to advance digitalization in the health sector, as well as a law that classifies Moldova and Georgia as safe countries of origin for migrants.

Scholz, Vice Chancellor, Robert Habeck and Finance Minister, Lindner had planned to hold a news conference on Wednesday afternoon to present the results of the retreat.

Tags: Christian LindnegermanyOlaf ScholzRobert Habeck
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