Jun 12, 2024, 2:34 PM
Jun 10, 2024, 7:13 AM
Pressure on German Chancellor Scholz escalates following far-right gains in European elections
Right-Biased
- Far-right AfD party makes substantial gains in the EU election, increasing pressure on Chancellor Scholz.
- Deutsche Börse boss blames Scholz's 'lack of leadership' for economic issues in Germany.
- Parties led by Macron and Scholz suffer defeats to right-wing and conservative groups in European elections.
Deutsche Börse CEO blames Chancellor Scholz's leadership for Germany's economic issues, calling the nation a "developing country" and his own market "a junk shop." He criticized the ruling coalition's lack of leadership, slow economic growth, and missed business opportunities. The criticism has sparked backlash from Scholz's coalition government. In other news, right-wing and conservative groups gained ground in the EU elections, with Macron's party suffering a defeat to the far-right National Rally in France. The AfD became the second strongest party in Germany, ahead of Scholz's SPD, despite recent scandals. The election results could impact next year's general election in Germany and Scholz's chances for a second term as Chancellor.