Germany’s new government is decided. Angela Merkel will remain chancellor, but there's someone new in the role of finance minister. Olaf Scholz will now be in charge of allocating the €330 billion government budget each year.
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.
G7 finance ministers have sent "a message of regret and disappointment" to President Donald Trump over his tariff decision. Meeting ahead of the main summit, they said there was still time to avoid a trade war.
The SPD's Olaf Scholz, Hamburg's former mayor, has been appointed Germany's new finance minister. Who is the man taking over from Wolfgang Schäuble and what does this mean for Germany's austerity stance? DW takes a look.
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.
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