7 November 2024
Germany will be able to provide most of its support to Ukraine even if the coalition’s collapse prevents the timely approval of the 2025 budget.
Source: Reuters, citing sources from the budget committee, as reported by European Pravda
Details: Four sources stated that these funds are largely earmarked allocations and can thus be disbursed under provisional budget management if the budget is not approved.
The draft 2025 budget reduces Germany’s aid to Ukraine to €4 billion, down from approximately €8 billion in 2024. Germany had hoped that Ukraine would meet most of its military needs with US$50 billion in credits from frozen Russian assets, approved by the Group of Seven.
Germany’s coalition government dissolved a few hours after Donald Trump’s US election victory became evident on Wednesday.
The German government had agreed on the budget over the summer, with parliamentary approval expected by year-end, but this may now be postponed until mid-2025.
https://www.pravda.com.ua/eng/news/2024/11/7/7483422
Germany’s opposition parties want to have early elections … now, not in the springtime as Scholz wants. All indicators show that the next ruling party will be the CDU, with Friedrich Merz as chancellor. Herr Merz is a strong supporter of Ukraine, including sending Taurus to the beleaguered country AND giving Ukraine permission to use them as needed.
I’ll keep monitoring the situation.
From your lips (or in this case, your fingers) to God’s ear.
👍
CDU will have to form a coalition with Scholz’ SPD… Bye bye Taurus…
Not so fast, Mike. If the chancellor is Merz, then it’ll be hello Taurus.
At such a critical time, Merz would be the best possible choice for Ukraine; that’s for sure.
I only hope he can command enough support to head up a viable coalition.
Germany is in poor shape. The people will have to vote accordingly to avert worse times, so I think that chances are looking good for the CDU, which is known for its high competence in economic matters.