
German Chancellor Olaf Scholz gathered top employer and labor union representatives at his Berlin office on Monday to seek ways of addressing the impact of rising prices while preventing a spiral of inflation in Europe's biggest economy.
The government billed Monday's meeting as the first in a series aimed at finding a broad alliance for solutions as Germany's annual inflation rate stands at 7.6%, close to a half-century high. The head of Germany's central bank was also on the guest list.