Olaf Scholz is Germany's new finance minister – Brazilian economy shows signs of recovery
Britain and the European Union are frantically trying to agree on how to avoid a chaotic breakup in March. Germany's finance minister has said Berlin is prepared for the worst possible outcome.
Finance ministers from the European Union's member states have agreed to measures to help the eurozone better fight against a financial crisis. The reforms stopped short of creating a separate eurozone budget.
The French Foreign Ministry has said "non merci" to a suggestion by Germany's finance minister to turn France's UN Security Council seat into a joint EU one. An attempt to sweeten the deal didn't work.
Defense spending will go up by several billion euros next year, according to a newly agreed budget plan. The budget maintained Germany's zero-deficit tradition, but only by digging into its refugee reserve fund.
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