Debates Among Political Parties in Germany May Delay the 2025 Budget

Forex - Discussions among political parties regarding the timing of elections in Germany have led to the cancellation of this week's final meeting of the Parliament's budget committee. The postponement of the meeting poses a risk of delaying Germany's 2025 budget during a time when calls for government intervention to prevent the economic crisis in Europe's largest economy are increasing. Since the Free Democrats (FDP) left the coalition on Wednesday, the Scholz government no longer holds a majority in Parliament. The cancellation of the committee meeting reduces the likelihood that even if Scholz's Social Democrats and the remaining Greens in the government propose a budget, a majority will come together to approve a budget in the Federal Parliament.