“You will never walk alone”: German Chancellor Schulz tries to calm the population and the economy about the deep crisis in the budget and government

In his speech, Schulz explained that he wants to use the war in Ukraine and the associated consequences to declare a state of emergency for the 2023 budget year so that he can stop the debt brake.

Yesterday, his government had already presented a supplementary budget proposal for 2023. Schulz said that the ruling in the Karlsruhe case had created a “new reality,” but everything seemed to be under control. Citizens do not have to worry about not paying their dues anymore. “You’ll never walk alone,” Schulz soothed this morning.

He added that plans to prepare Germany for the future would not be postponed because that would be an “unforgivable mistake.” This means that the promised billions in support for Intel to build a chip factory in eastern Germany will not be at risk. Ukraine can also continue to count on support.

But he did not explain how his government wants to achieve all this. Regarding how Scholz wants to draw up a balanced and legal budget for 2024 and whether he wants to stop the debt brake again, the chancellor just wanted to say that discussions are still ongoing.