Olaf Scholz is Germany's new finance minister – Brazilian economy shows signs of recovery
More than six months into 2018, Germany passed its budget for the current year, pledging more money for the army, police, and migrant officials. The government may be new, but its principle stays the same – no new loans.
Chancellor Angela Merkel's conservatives want more money for Germany's military. But their Social Democratic coalition partners have pushed back, warning that Germany should not cave into demands made by Donald Trump.
The German army is set to benefit from a multibillion-euro spending increase, according to Finance Minister Olaf Scholz's draft defense budget. Germany has been under pressure to contribute more as a NATO partner.
Germany's interior minister said he knows it's hard to believe, but he isn't aiming to bring down the government he's part of. But he hinted he may resign if he doesn't get what he wants when it comes to migration.
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