Latest Olaf Scholz News

Germany meets euro debt limit for first time in 17 years

Jul. 6, 2018 9:38 AM EDT

FRANKFURT, Germany (AP) — The German government says its 2019 budget will comply with eurozone debt limits for the first time in 17 years. The draft budget also raises defense spending — a contentious issue between Germany and U.S. President Donald Trump. Finance Minister Olaf Scholz told a news...

German parliament approves Greece debt-relief package

Jun. 29, 2018 5:05 AM EDT

BERLIN (AP) — The German parliament has approved a debt relief package for Greece that is meant to help wean the country off its rescue loans as its eight-year bailout program comes to a close. Lawmakers in Berlin voted 410-226 on Friday to support the package, which Greece's European creditors and the...

Eurozone gets deal to pave way for end to Greece's bailout

Jun. 21, 2018 9:00 PM EDT

LUXEMBOURG (AP) — Eurozone nations agreed on the final elements of a plan to get Greece out of its eight-year bailout program and make its massive debt more manageable. The finance ministers of the 19 nations took daylong talks into Friday morning and reached a surprisingly hard-fought compromise which had...