Tue, 21-Oct-2025

Germany passes 12-euro minimum wage measure

Germany

The one-third increase will affect 6.2 million people. A flagship policy in Olaf Scholz’s manifesto for elections last September. Hubertus Heil called the move a “matter of respect” for hard work. The German parliament passed legislation On Friday, raising the minimum hourly wage to 12 euros ($12.85), a key promise made by Chancellor Olaf Scholz … Read more

New German govt faces public spending paradox

German govt

FRANKFURT: Germany’s new government has pledged to spend big on the economy, climate change and social security, but without raising taxes or taking on more debt, leaving many asking where the money is going to come from. “We have decided that this will be a decade of investments,” future chancellor Olaf Scholz said on Wednesday as … Read more