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The Independent UK
The Independent UK
National
Via AP news wire

German leader gathers employers, unions to tackle inflation

Copyright 2022 The Associated Press. All rights reserved

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.

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