Increasing tax revenue in Germany means a balanced budget could be reached in 2014... if costs don't spiral under a new coalition, that is.
Members of Chancellor Angela Merkel's Christian Democrats have denied a report that Wolfgang Schäuble was asked to step in and mediate a migration policy compromise with the Bavarian CSU.
Social Democrat Finance Minister Olaf Schoz has defended his proposed 2018 budget amid harsh criticism. Though it calls for increased spending, the proposal upholds the Christian Democrats' zero-borrowing policy.
Olaf Scholz, tapped to be Germany's next finance minister, said Berlin would not lecture other EU states about their finances. His comments hint at an about-face in the eurozone's policy of strict fiscal discipline.
Panama Papers disclosures have generated an extra €140 million in tax revenues for Germany, according to research by three media outlets. And that's with many hundreds of other evasion cases still unresolved.
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