New German finance minister hopes for compromise on EU budget rules

NAMPA / DPA

2025-05-12

Brussels (dpa) - The new German finance minister, Lars Klingbeil, expressed optimism on Monday that Germany will not face penalty proceedings for potentially breaching European Union budget rules. The bloc's reformed debt and deficit rules offer more flexibility, said Klingbeil, as he arrived at his first meeting with EU counterparts in Brussels. Most important is that Germany carries out structural reforms to boost its economy, the minister said......

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