BERLIN: Germany’s Chancellor Olaf Scholz on Wednesday fired his rebellious Finance Minister Christian Lindner, spelling doom for the three-party coalition though Scholz could stay on in a minority government.
The move came after weeks of bitter feuding that have rocked the coalition government between Scholz’s Social Democrats, Lindner’s Free Democrats and the Greens.
Scholz fired his finance minister during a crunch meeting of senior figures from all three ideologically disparate parties at the chancellery, Scholz’s spokesman Steffen Hebestreit told AFP.
The chancellery scheduled a press conference for 2015 GMT, and Lindner announced statements to the media shortly after, to be followed by Greens politicians.
Fiscal hawk Lindner had proposed sweeping reforms to jumpstart the troubled German economy that the other two parties opposed, and had long flirted with bolting the unhappy coalition.
He had repeatedly warned of “an autumn of decisions” as difficult budget talks have loomed.
Vice Chancellor Robert Habeck of the Greens had warned that the US presidential election, Germany’s economic woes and the Ukraine and Middle East wars make this “the worst time for the government to fail.”
The Bild daily reported that on Wednesday he told the other parties that the talks of recent days had shown there was not enough common ground on economic and financial policy.
Lindner had argued that Donald Trump’s US presidential election victory had made an economic turnaround even more urgent.
The newspaper added that Lindner had suggested that the parties opt for new elections in early 2025, but that Scholz had rejected the proposal.
If confirmed, this would suggest the Social Democrats and the Greens will seek to stay in power as a minority government until scheduled elections in September 2025.
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Germany’s Scholz fires rebellious finance minister
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Germany’s Scholz fires rebellious finance minister
- The move came after weeks of bitter feuding that have rocked the coalition government
- Fiscal hawk Lindner had proposed sweeping reforms to jumpstart the troubled German economy
Brazil, India eye critical minerals deal as leaders meet
- The two leaders are expected to sign a memorandum on critical minerals and discuss efforts to increase trade links
NEW DELHI: India’s Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva are set to meet in New Delhi on Saturday, seeking to boost cooperation on critical minerals and rare earths.
Brazil has the world’s second-largest reserves of these elements, which are used in everything from electric vehicles, solar panels and smartphones to jet engines and guided missiles.
India, seeking to cut its dependence on top exporter China, has been expanding domestic production and recycling while scouting for new suppliers.
Lula, heading a delegation of more than a dozen ministers as well as business leaders, arrived in New Delhi on Wednesday for a global summit.
Officials have said that in talks with Modi on Saturday, the two leaders are expected to sign a memorandum on critical minerals and discuss efforts to increase trade links.
The world’s most populous nation is already the 10th largest market for Brazilian exports, with bilateral trade topping $15 billion in 2025.
The two countries have set a trade target of $20 billion to be achieved by 2030.
With China holding a near-monopoly on rare earths production, some countries are seeking alternative sources.
Rishabh Jain, an expert with the Delhi-based Council on Energy, Environment and Water think tank, said India’s growing cooperation with Brazil on critical minerals complements recent supply chain engagements with the United States, France and the European Union.
While these partnerships grant India access to advanced technologies, finance and high-end processing capabilities, “Global South alliances are critical for securing diversified, on-ground resource access and shaping emerging rules of global trade,” Jain said.
‘Challenges’
Modi and Lula are also expected to discuss global economic headwinds and strains on multilateral trade systems after both of their countries were hit by US tariffs in 2025, prompting the two leaders to call for stronger cooperation.
Washington has since pledged to roll back duties on Indian goods under a trade deal announced earlier this month.
“Lula and Modi will have the opportunity to exchange views on … the challenges to multilateralism and international trade,” said Brazilian diplomat Susan Kleebank, the secretary for Asia and the Pacific.
Brazil is India’s biggest partner in Latin America.
Key Brazilian exports to India include sugar, crude oil, vegetable oils, cotton and iron ore.
Demand for iron ore has been driven by rapid infrastructure expansion and industrial growth in India, which is on track to become the world’s fourth largest economy.
Brazilian firms are also expanding in the country, with Embraer and Adani Group announcing plans last month to build aircraft in India.
Lula addressed the AI Impact summit in Delhi on Thursday, calling for a multilateral and inclusive global governance framework for artificial intelligence.
He will travel on to South Korea for meetings with President Lee Jae Myung and to attend a business forum.
Brazil has the world’s second-largest reserves of these elements, which are used in everything from electric vehicles, solar panels and smartphones to jet engines and guided missiles.
India, seeking to cut its dependence on top exporter China, has been expanding domestic production and recycling while scouting for new suppliers.
Lula, heading a delegation of more than a dozen ministers as well as business leaders, arrived in New Delhi on Wednesday for a global summit.
Officials have said that in talks with Modi on Saturday, the two leaders are expected to sign a memorandum on critical minerals and discuss efforts to increase trade links.
The world’s most populous nation is already the 10th largest market for Brazilian exports, with bilateral trade topping $15 billion in 2025.
The two countries have set a trade target of $20 billion to be achieved by 2030.
With China holding a near-monopoly on rare earths production, some countries are seeking alternative sources.
Rishabh Jain, an expert with the Delhi-based Council on Energy, Environment and Water think tank, said India’s growing cooperation with Brazil on critical minerals complements recent supply chain engagements with the United States, France and the European Union.
While these partnerships grant India access to advanced technologies, finance and high-end processing capabilities, “Global South alliances are critical for securing diversified, on-ground resource access and shaping emerging rules of global trade,” Jain said.
‘Challenges’
Modi and Lula are also expected to discuss global economic headwinds and strains on multilateral trade systems after both of their countries were hit by US tariffs in 2025, prompting the two leaders to call for stronger cooperation.
Washington has since pledged to roll back duties on Indian goods under a trade deal announced earlier this month.
“Lula and Modi will have the opportunity to exchange views on … the challenges to multilateralism and international trade,” said Brazilian diplomat Susan Kleebank, the secretary for Asia and the Pacific.
Brazil is India’s biggest partner in Latin America.
Key Brazilian exports to India include sugar, crude oil, vegetable oils, cotton and iron ore.
Demand for iron ore has been driven by rapid infrastructure expansion and industrial growth in India, which is on track to become the world’s fourth largest economy.
Brazilian firms are also expanding in the country, with Embraer and Adani Group announcing plans last month to build aircraft in India.
Lula addressed the AI Impact summit in Delhi on Thursday, calling for a multilateral and inclusive global governance framework for artificial intelligence.
He will travel on to South Korea for meetings with President Lee Jae Myung and to attend a business forum.
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