Berliner Boersenzeitung - Germany's embattled Scholz trades blows with rivals as election looms

EUR -
AED 4.073852
AFN 72.104007
ALL 90.769855
AMD 405.067301
ANG 1.985385
AOA 1018.325221
ARS 1713.277178
AUD 1.624983
AWG 1.996716
AZN 1.885131
BAM 1.954983
BBD 2.25865
BDT 139.801599
BGN 1.938846
BHD 0.423063
BIF 3354.716125
BMD 1.109287
BND 1.433637
BOB 13.299943
BRL 6.191928
BSD 1.121428
BTN 105.390474
BWP 15.384891
BYN 3.3577
BYR 21742.017374
BZD 2.255361
CAD 1.581083
CDF 2567.998611
CHF 0.922999
CLF 0.027723
CLP 1091.1057
CNY 7.39933
CNH 7.39771
COP 3646.269428
CRC 507.236117
CUC 1.109287
CUP 26.911758
CVE 110.228889
CZK 24.357549
DJF 199.693681
DKK 7.4752
DOP 68.018024
DZD 151.739405
EGP 59.424261
ERN 16.639299
ETB 182.523628
FJD 2.518301
FKP 0.835327
GBP 0.835642
GEL 2.886075
GGP 0.835327
GHS 13.131994
GIP 0.835327
GMD 82.08723
GNF 9934.79017
GTQ 8.569193
GYD 234.988314
HKD 8.701821
HNL 30.144261
HRK 7.508772
HTG 146.992508
HUF 364.340191
IDR 20227.120128
ILS 3.526477
IMP 0.835327
INR 104.200005
IQD 1699.889879
IRR 2114383.456915
ISK 136.608516
JEP 0.835327
JMD 177.981694
JOD 0.786514
JPY 177.117562
KES 144.16277
KGS 97.006667
KHR 4573.522341
KMF 490.30501
KPW 998.357898
KRW 1478.978323
KWD 0.345265
KYD 0.93441
KZT 500.620868
LAK 25242.072094
LBP 100422.601827
LKR 372.689588
LRD 190.637548
LSL 18.384926
LTL 3.275435
LVL 0.670996
LYD 7.188613
MAD 10.939363
MDL 20.151671
MGA 5074.314796
MKD 61.574231
MMK 2329.19615
MNT 3998.871435
MOP 9.060115
MRU 45.238384
MUR 52.535693
MVR 17.084989
MWK 1944.554204
MXN 20.621178
MYR 4.527002
MZN 70.874032
NAD 18.383021
NGN 1494.076194
NIO 41.266667
NOK 10.603432
NPR 168.625519
NZD 1.99529
OMR 0.426526
PAB 1.121458
PEN 3.821504
PGK 5.036373
PHP 70.670981
PKR 307.909142
PLN 4.402198
PYG 6922.700938
QAR 4.087861
RON 5.344991
RSD 117.602152
RUB 91.817888
RWF 1659.156465
SAR 4.184466
SBD 8.974958
SCR 15.34923
SDG 667.239268
SEK 11.05068
SGD 1.425173
SHP 0.831206
SLE 25.401019
SLL 23261.190252
SOS 640.890046
SRD 41.760191
STD 22959.992994
STN 24.492087
SVC 9.811901
SYP 14422.944033
SZL 18.389893
THB 37.486077
TJS 10.305824
TMT 3.882503
TND 3.342205
TOP 2.670896
TRY 55.750132
TTD 7.604823
TWD 36.553234
TZS 2946.507021
UAH 51.005261
UGX 4575.604165
USD 1.109287
UYU 45.375135
UZS 13427.39077
VES 998.902048
VND 28489.253123
VUV 133.052118
WST 3.092468
XAF 655.957
XAG 0.021796
XAU 0.000282361449
XCD 2.997903
XCG 2.020856
XDR 0.784323
XOF 655.957
XPF 119.331742
YER 262.367796
ZAR 18.464053
ZMK 9984.914678
ZMW 22.848515
ZWL 357.189833
SSP 6418.912999
MXV 2.316387
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Germany's embattled Scholz trades blows with rivals as election looms
Germany's embattled Scholz trades blows with rivals as election looms / Photo: John MACDOUGALL - AFP

Germany's embattled Scholz trades blows with rivals as election looms

Germany's embattled Chancellor Olaf Scholz, mired in a government crisis, traded blows with his rivals Wednesday in combative parliament speeches as all sides ready for elections in February.

Text size:

"I will certainly not regret having proposed compromises every day and until the end, until the last common day of this government coalition," a defiant Scholz told the Bundestag a week after his coalition imploded.

Conservative opposition leader Friedrich Merz, whose party has a clear lead in the polls, poured scorn on Scholz and labelled his address the "witching hour" of a failed government.

Social Democrat Scholz's motley alliance with the Greens and Free Democrats collapsed a week ago, on the day Trump secured re-election to the White House, and at a time when Europe's largest economy faces serious headwinds.

The chancellor said he had a "good conversation" with Trump by phone on Sunday and stressed that German-US ties "have been the foundation of our country's success for decades".

"We should do everything we can in the coming decades, regardless of who is in power here or there, to ensure that this relationship continues to develop well," he said.

Trump's election victory has cast doubt internationally on the level of future US support for Ukraine, now in its third winter of war as it fights back against Russia.

Scholz -- whose government has been the second largest supplier of military aid to Kyiv after Washington under President Joe Biden -- pledged that German support will not stop.

"We have a responsibility to ensure that (Ukraine) won't be left alone," he said, adding that Kyiv "can rely on our country and our solidarity".

He said it was equally important that "we do everything we can to ensure that this war does not escalate any further and that we do not become a party to the war".

- 'Lightweight' -

Speaking after the chancellor, Merz charged that Trump would best remember the chancellor for the chaotic days of anti-globalisation riots that erupted during a G20 summit in Hamburg in 2017 when Scholz was the city's major.

"Donald Trump knows your name from the G20 summit in Hamburg, which you organised so brilliantly," Merz said sarcastically.

He told Scholz that he would have "no authority" to speak to the next American president who would regard the chancellor as "a lightweight".

Merz -- who has rained withering fire on the fractious coalition for months -- said that what Germany needs "as soon as possible" is "a stable and effective government".

Vowing a "fundamentally different" style of politics, Merz also pledged that a conservative-led government would "regain control over immigration" by turning illegal migrants back at the borders.

The top challenge now was "to restore the international competitiveness of our economy," said Merz, a former corporate lawyer.

The world's third-largest economy has been battling woes from a manufacturing slowdown to weak demand for its crucial exports, and is on course to shrink for the second straight year.

An influential economic panel issued a scathing report Wednesday that judged that "by international standards, Germany is lagging far behind economically," held back by "structural problems".

The head of Germany's central bank, Joachim Nagel, told Die Zeit weekly that Trump's plan to hike tariffs on all imports could knock one percent off German economic output.

Feuding over economic and fiscal policy were key drivers that led to the breakup of Scholz's coalition last Wednesday, when the liberal Free Democrats left.

Scholz told parliament that spending on security or support for Ukraine are crucial but must not lead to cuts in pensions, welfare or the health sector at home.

Stressing the need for social cohesion, he said that "I do not want one issue to be played off against the other".

Merz fired back and told Scholz: "You are dividing the country, Mr Chancellor. You are the one responsible for these controversies and for this division in Germany."

(K.Müller--BBZ)