Scholz Sees Fast Progress in Talks to Solve German Budget Crisis

  • Germany’s chancellor says coalition is working intensively
  • Cabinet is expected to sign off on deal at Wednesday meeting
Olaf Scholz speaks during a news conference in Berlin on Dec. 4.Photographer: Michele Tantussi/AFP/Getty Images
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Chancellor Olaf Scholz said he expects rapid progress in coalition talks on how to plug the hole left in next year’s budget by a court ruling that threw Germany’s financial planning into disarray.

The three governing parties need a revised agreement that’s ready to be signed off at a cabinet meeting on Wednesday to allow time for parliament to approve it by Christmas.