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FDP Takes Finance, Greens Economy & Climate In New Gov't

GERMANY

Cornelius Hirsch at Politico tweets a preliminary list of the split of ministries in the new SPD-Green-FDP gov't: "Unconfirmed German government ministries list: SPD: chancellery, interior, labor, defense, health, international coop. and development. Greens: Economy and climate, foreign affairs, agriculture,... 5 total. FDP: Finance ministry, education. transport,... 4 total. And a new ministry of building -> SPD."

  • The pro-business liberal Free Democrats (FDP) having control of the finance ministry will temper any concerns about the new Scholz gov't launching any major gov't spending initiatives, with the FDP historically supporting the same 'black zero' approach as the outgoing CDU.

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