German Chancellor Olaf Scholz (left) and Finance Minister Christian Lindner attend a news conference on the results of the Coalition Committee, announcing a new package of relief measures to counter rising energy prices, at the Chancellery in Berlin, Germany on September 4. Photo: EPA-EFE
German Chancellor Olaf Scholz (left) and Finance Minister Christian Lindner attend a news conference on the results of the Coalition Committee, announcing a new package of relief measures to counter rising energy prices, at the Chancellery in Berlin, Germany on September 4. Photo: EPA-EFE
Germany

Germany’s US$64.7 billion support package to help consumers with cost of living

  • The latest agreement brings the country’s total relief to almost 100 billion euros since the start of the Ukraine war
  • Higher energy prices are expected to push inflation in Germany to around 10 per cent by the end of the year, its highest in decades

German Chancellor Olaf Scholz (left) and Finance Minister Christian Lindner attend a news conference on the results of the Coalition Committee, announcing a new package of relief measures to counter rising energy prices, at the Chancellery in Berlin, Germany on September 4. Photo: EPA-EFE
German Chancellor Olaf Scholz (left) and Finance Minister Christian Lindner attend a news conference on the results of the Coalition Committee, announcing a new package of relief measures to counter rising energy prices, at the Chancellery in Berlin, Germany on September 4. Photo: EPA-EFE
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