Chancellor Olaf Scholz on Friday laid out his vision to secure the future of Germany's ailing economy at a campaign event in the historic home base of the crisis-hit auto titan Volkswagen. The embattled chancellor,

Olaf Scholz became German chancellor with a pledge to modernise and jolt Europe’s largest economy from its paralysis. But just two months after taking office, Russia’s full-scale invasion of Ukraine in February 2022 ripped the Social Democrat’s plans apart and strained his coalition with the Greens and the Liberals.

Germany's economy shrank for a second straight year in 2024, official figures showed Wednesday, with little hope of a speedy recovery as Europe's traditional powerhouse is also mired in political crisis.

BERLIN (AP) — The German economy shrank for the second straight year in 2024 as worried consumers held back on spending and Chinese competition ate into the country's traditional exports of cars and industrial machinery.

German Chancellor Olaf Scholz is under mounting pressure ahead of next month's snap election as the country's economy shrinks for a second year in a row.

Germany's economy shrunk for a second consecutive year in 2024, continuing its struggle with internal and external challenges.

Speaking at the first stop of his election campaign tour in Bielefeld, German chancellor Olaf Scholz addressed the controversy surrounding a potential defence budget increase, raised by US ...

Olaf Scholz fought with his former finance minister over how to pay for aid to Ukraine – but now he's unsure he wants to spend the money. (Photo by Sascha Schuermann/Getty Images) BERLIN ...

which translates to "Say No to Scholz" in English. Tesla CEO Elon Musk has called on the people of Germany to "say no" to German Chancellor Olaf Scholz. His statement comes after Germany's ruling ...

The fragile three-way coalition in the Bundestag has shattered. Olaf Scholz, the chancellor, has lost a vote of confidence and Germany is hurtling towards a snap federal election on Feb 23 ...

German Chancellor Olaf Scholz has dismissed demands from US President-elect Donald Trump that Germany and other NATO allies increase defense spending to at least 5% of gross domestic product (GDP ...

Chancellor Olaf Scholz's so-called "traffic light" coalition collapsed in late 2024, triggered by disagreements about economic policy and debt management. Economic growth and debt limits will be top priorities for the parties that win the election on February 23.