Germany Chancellor Olaf Scholz is speaking in the Bundestag (parliament) ahead of tomorrow's European Council summit (live stream in German). On the economy, Scholz says 'Modernising industry must be one of the central points of the next five years in the EU'. Calls for 'a lot of new free trade agreements in the EU' and 'a new industrial policy agenda that goes beyond reform'. Scholz confirms that industry associations have been invited to the chancellery later in the month for talks on these subjects. Scholz and his tripartite gov't remain under pressure domestically amid an increasingly shaky economic outlook. 

  • On the war in Ukraine, Scholz says that support for Kyiv will 'remain in the coming years', and reaffirms the EU's EUR35bn commitment (on 15 Oct a gov't spox said this could fall if the US commits funds to the G7 USD50bn loan scheme).
  • On the situation in the Middle East Scholz says that there are German arms deliveries to Israel 'and there will be in the future'. Says 'We will not accept Iran attacking Israel with rockets...Iran is playing with fire'.

GERMANY: Scholz Calls For EU FTAs & 'New Industrial Policy Agenda' Ahead Of EUCO

Last updated at:Oct-16 11:32By: Tom Lake
Germany

Germany Chancellor Olaf Scholz is speaking in the Bundestag (parliament) ahead of tomorrow's European Council summit (live stream in German). On the economy, Scholz says 'Modernising industry must be one of the central points of the next five years in the EU'. Calls for 'a lot of new free trade agreements in the EU' and 'a new industrial policy agenda that goes beyond reform'. Scholz confirms that industry associations have been invited to the chancellery later in the month for talks on these subjects. Scholz and his tripartite gov't remain under pressure domestically amid an increasingly shaky economic outlook. 

  • On the war in Ukraine, Scholz says that support for Kyiv will 'remain in the coming years', and reaffirms the EU's EUR35bn commitment (on 15 Oct a gov't spox said this could fall if the US commits funds to the G7 USD50bn loan scheme).
  • On the situation in the Middle East Scholz says that there are German arms deliveries to Israel 'and there will be in the future'. Says 'We will not accept Iran attacking Israel with rockets...Iran is playing with fire'.