Latest Olaf Scholz News

German Finance Minister Olaf Scholz addresses the media during a press conference in Berlin, Germany, Thursday, May 14, 2020. (AP Photo/Michael Sohn, pool)

Germany's tax revenue seen declining sharply this year

May. 14, 2020 10:42 AM EDT

BERLIN (AP) — The German government’s tax revenue is likely to sink by 81.5 billion euros ($88.4 billion) this year as a result of the coronavirus crisis, the first drop since the financial crisis a decade ago, according to an official estimate released Thursday. A twice-yearly assessment by tax...

In this April 16, 2020, a few cars and trucks drive on the usually very crowded main highway around Frankfurt, Germany, that is seen in the background. As the restrictions to avoid the spreading of the coronavirus are eased, Chancellor Angela Merkel has pointed to South Korea as an example of how Germany will have to improve measures to “get ahead” of the pandemic with more testing and tracking of cases so that the rate of infections can be slowed. (AP Photo/Michael Probst)

Preparation, quick action aid Germany, SKorea virus fight

Apr. 22, 2020 8:58 PM EDT

BERLIN (AP) — Derided by many economists for years for insisting on a balanced budget and criticized for a health care system seen as bloated and overly expensive, Germany has found itself well equipped now to weather the coronavirus pandemic. Already applauded for early actions such as social-distancing...

FILE - In this April 15, 2020, file photo, helper of the German Red Cross DRK in protective suit, left, takes a smear from a patient in his car during the official opening of a drive-thru COVID-19 testing center at the fair ground in Dresden, eastern Germany. As the restrictions to avoid the spreading of the coronavirus are eased, Chancellor Angela Merkel has pointed to South Korea as an example of how Germany will have to improve measures to “get ahead” of the pandemic with more testing and tracking of cases so that the rate of infections can be slowed. (AP Photo/Jens Meyer, File)

Preparation, quick action aid Germany, SKorea virus fight

Apr. 22, 2020 4:08 PM EDT

BERLIN (AP) — Derided by many economists for years for insisting on a balanced budget and criticized for a health care system seen as bloated and overly expensive, Germany has found itself well equipped now to weather the coronavirus pandemic. Already applauded for early actions such as social-distancing...

German Finance Minister Olaf Scholz abrief the media after Eurogroup negotiations in front of the finance ministry in Berlin, Germany, Wednesday, April 8, 2020. (Michael Kappeler/dpa via AP)

Europe struggles to agree on economic response to virus

Apr. 8, 2020 9:15 AM EDT

BRUSSELS (AP) — European governments remained at loggerheads Wednesday over measures to help the economy weather the coronavirus outbreak, breaking off a meeting of finance officials who clashed over aid conditions and proposals to borrow together to pay for the health crisis. Finance ministers from the 19...

People wearing face masks walk at a downtown street in Hong Kong Monday, April 6, 2020. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Vincent Yu)

The Latest: Hong Kong to remain closed to foreigners

Apr. 7, 2020 12:42 AM EDT

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — Hong Kong to remain closed to foreigners indefinitely...