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The Latest Breaking News from Lars Klingbeil

Record fuel prices across EU prompt calls for bloc-wide windfall tax on firms

German minister says companies are ‘exploiting situation’ in Middle East, as sky-high prices become major domestic issue for leaders

The Guardian - UK

EU weighs windfall taxes on energy firms amid growing economic strain

EU ministers meeting in Dublin on Friday and Saturday are considering a windfall tax on energy companies, as price volatility continues to destabilise the economic outlook.

Euronews

Germany turns on Brussels as Chinese car sales on track to exceed 1m in 2026

Germany's finance minister demanded tougher EU tariffs on Chinese carmakers during a visit to Volkswagen's crisis-hit headquarters, as Chinese brands head toward selling more than a million cars on the continent in 2026.

Euronews

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Germany seeks guarantees from Italy's UniCredit over Commerzbank takeover

Berlin seeks guarantees from UniCredit as its leverage over Commerzbank fades and the Italian lender moves closer to taking control.

Euronews

Germany’s far-right AfD hails unprecedented election win: 3 scenarios for what happens next

ANALYSIS: The pro-Russian AfD could become the first far-right party to take control of a regional parliament in Germany since the Second World War. Their victory creates a large political headache for the country’s leaders, report Chris Stevenson and James C Reynolds

The Independent UK

G20 backs final statement despite Russia tensions, China dissent

G20 finance leaders wrapped up two days of talks in Ashville, North Carolina, on Tuesday with broad backing for a final statement, despite tensions over Russia’s participation and divisions with China. US Treasury Secretary Scott Bessent said Moscow’s presence had not disrupted discussions, as ministers also grappled with the war…

France 24

Russia’s return to G20 talks unsettles Europe as Iran and trade tensions loom

Russia's presence at the opening of G20 meetings in North Carolina sparked pushback from Europe on Monday, adding fresh tension to talks already clouded by the Iran war and US President Donald Trump's trade policies.

Radio France Internationale

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Six EU countries push for windfall tax on oil companies amid surging war profits

Citing surging profits amid the Middle East war, six EU countries, including Germany and Italy, want finance ministers to discuss the levy at next month’s meeting in Dublin.

Euronews

Six EU countries urge windfall tax on energy firms

Six EU nations are urging a bloc-wide windfall tax on oil companies. Profits have surged due to the ongoing Middle East war and rising costs. Ministers want this levy discussed at an upcoming meeting of finance chiefs. They cite lessons learned from a similar measure introduced in 2022. Germany's finance…

The Economic Times

Global Stocks: Europe's E6 states seek common position on capital market supervision

The ministers of Germany, France, Italy, Poland, Spain and the Netherlands are meeting in Berlin on Thursday to discuss how to advance the capital ⁠markets union.

The Economic Times

EU finance ministers urge caution amid Trump tariff threats and trade tensions

EU finance ministers meeting in Brussels on Monday and Tuesday sought to downplay US president Donald Trump’s fresh tariff threats. Some viewed his announcement as yet another post on social media by the US President.

Euronews

Ukraine-Russia war latest: Ukrainian police chief resigns after officers ‘disgracefully’ flee Kyiv shooting

Eight people, including a 12-year-old child, remain hospitalised in Kyiv after shooting that killed six

The Independent UK

I want to reform our country because a strong Germany is a precondition for a strong Europe

The war in Iran has exposed our dependencies. Europe, including the UK, must be bold about change, so nobody can blackmail us, says Lars Klingbeil, Germany’s finance minister and vice-chancellor

The Guardian - UK

Ukraine war briefing: €90bn EU loan for Ukraine to be released in second quarter

EU economy commissioner says Iran war is feeding Russia’s war machine; Trump condemns massive strikes on Ukraine. What we know on day 1,514

The Guardian - AU

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Euronews

Germany cuts fuel tax as oil prices surge on Iran blockade

Following tense exchanges between Economics Minister Reiche and Finance Minister Lars Klingbeil, the government held talks over the weekend. Will the coalition succeed in easing the burden on citizens, or will it collapse?

The Guardian - UK

Germans pining for Gerhard Schröder forget his errors and ties to Putin. The SPD needs a fresh approach

The former chancellor was the chief architect of Germany’s dependence on Russian fossil fuels and cuts to defence spending. Both haunt the country today, says German-British historian Katja Hoyer

Euronews

Delaying digital euro harms Europe, German vice-chancellor says

Those who fail to recognise that it is now essential to move forward with the digital euro are harming Europe itself, Vice-Chancellor Lars Klingbeil told journalists, amid delays in the European Parliament over approval of the legislation.

The Guardian - UK

Germany calls on France to increase defence spending

Foreign minister puts pressure on Emmanuel Macron amid doubts over US’s commitment to European defence

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Euronews

Ties between US and Europe 'disintegrating,' Germany's Vice Chancellor Klingbeil warns

Klingbeil listed a string of reasons for his belief that ties between the United States and Europe, traditionally close allies, were radically changing.

Radio France Internationale

Sweden, Germany critical of US rhetoric on Greenland and Denmark

Sweden is highly critical of the "threatening rhetoric" against Greenland and Denmark from US President Donald Trump's administration, Prime Minister Ulf Kristersson said on Sunday. Germany reiterated its support for Denmark and Greenland.

The Guardian - UK

Germany to urge EU to soften 2035 ban on sale of new petrol and diesel cars

Friedrich Merz to ask for series of exemptions in attempt to protect crisis-hit automotive industry

International Business Times UK

Can Klingbeil Fix Germany's €87B China Trade Crisis in Beijing?

Germany faces a record €87bn trade deficit with China, signalling a deepening crisis for its auto industry as geopolitical tensions and competition intensify.

Euronews

Billions at stake: Chancellor Merz backs European patriotism for steel

If German steel production moves abroad, researchers warn this could result in a loss of up to €50 billion per year in value added.

The Independent UK

Trump-Gaza latest: US president signs peace deal and withdraws Netanyahu’s invite amid Erdogan threat

Hundreds of Palestinian prisoners and detainees exchanged for last 20 living Israeli hostages and captives

International Business Times

Merz To Host German Auto Sector Crisis Meeting

Chancellor Friedrich Merz will Thursday host crisis talks with German auto industry leaders in a bid to navigate myriad challenges, from a looming EU combustion-engine ban to growing Chinese competition.

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