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What will be Germany's GDP growth rate for 2025?
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Germany•Ukraine•Frankfurter Allgemeine Zeitung•German•Olaf Scholz•Christian Lindner•Zelensky•Nord Stream
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Official economic reports from the German government or credible financial institutions
Story
Germany Cuts Ukraine Aid to €4 Billion for 2025 Amid Budget Constraints
Aug 17, 2024, 08:26 AM
Germany has decided to halt new military aid to Ukraine due to budget constraints and austerity measures. According to reports from Frankfurter Allgemeine Zeitung, the German government, led by Chancellor Olaf Scholz and Finance Minister Christian Lindner, has frozen all new applications for military funding to Ukraine. Existing contracts will still be honored, but no new funds will be allocated. This decision comes amidst efforts to save costs and redirect funds from frozen projects. The financial aid cut is significant, with military assistance funds being reduced from €8 billion ($8.7 billion) to €4 billion ($4.35 billion) for the year 2025. The decision follows revelations of Zelensky's involvement in the Nord Stream attack on the German economy.
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