German government averts crisis with budget agreement for Europe's largest economy

The German government, led by Chancellor Olaf Scholz, reached an agreement on Friday regarding the 2025 budget and a stimulus package for the country's economy. This resolution concluded a prolonged dispute within Scholz's center-left coalition involving the Social Democrats, Free Democrats, and Greens. The budget plan, finalized after extensive negotiations, involves repurposing 60 billion euros in unused COVID-19 emergency funds, despite earlier legal challenges against such actions.