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Germany’s finance minister pushes for review of Palestine aid

Germany should urgently review the money it spends on humanitarian aid for Palestinians, given the ongoing large-scale attacks by Hamas militants on Israeli civilians, Finance Minister Christian Lindner said on Saturday.  “The terrorism [committed against Israelis] is shocking. We should react to it not only with words,” Lindner, the leader …

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Inflation in France has peaked – Finance Minister

Inflation in France has peaked, but is expected to stay at a high level for several more months before progressively decreasing, according to the country’s Finance Minister Bruno Le Maire. The rate reached 5.2% in May. “By end-2023, we should see a progressive decline of inflation. We could have an …

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Default won’t affect Russians – finance minister

While the US is trying to push Russia into default on its foreign debt by blocking payments to bondholders, Moscow will do everything to avoid this from happening, Finance Minister Anton Siluanov said on Thursday. According to him, Russia will offer a tool that will allow all bondholders to receive …

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Ukraine conflict makes Germany ‘poorer’ – finance minister

Germans are already paying a price for Russia’s military campaign in Ukraine, the country’s finance minister has acknowledged. Speaking to Bild tabloid newspaper, Christian Lindner said that “the Ukraine war is making us all poorer, for example, because we have to pay more for imported energy.” In an interview published …

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China & Russia are ready to end US dominance of global finance

China and Russia have been gradually moving towards such an arrangement since the Global Financial Crisis of 2008 revealed the risks of excessive reliance on the US. However, American economic sanctions against both Moscow and Beijing appear to have intensified the search for alternatives. Banking on Washington The American-centric financial architecture …

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