German government has approved €1.2 billion subsidy in the sale electric cars on Tuesday. The approval appears with signing an agreement by the senior government officials with the CEOs of electric car producing companies. Chancellor Angela Markel has chaired the meeting and the agreement has been reached on condition of equally sharing the required subsidy fund by the two parties.
A German Finance Minister have initiated a plan to battle tax havens following the release of Panama Papers.
Germany has been showing their concern on the issue of the helicopter money being carried out by the European Central Bank. Germany, however, denied reports that it will take legal actions against ECB.
Sweden will impose temporary border controls from Thursday in response to a record influx of refugees, a turnaround for a country known for its open-door policies that also threw down the gauntlet to other EU nations hit by a migration crisis.
