reply New budgets plague both Britain, France and Germany as economy slumps

[Global Times special correspondent Zhen Xiang] economic downturn in Germany has encountered new financial difficulties. According to Bloomberg reported on the 2nd, the German Federal Constitutional Court is scheduled to hold a hearing on the so-called solidarity tax on the 12th of this month. Once the solidarity tax is recognized as unconstitutional, then the German government will face a huge financial gap.　　Solidarity tax from the 1990s after the reunification of the two Germany began to collect, to solve the problem of uneven development of East and West Germany. Bloomberg reported that if the court finds the solidarity tax unconstitutional, then the government could lose a huge amount of revenue of up to 75 billion euros (about 578.76 billion yuan). In the worst case scenario, the court may even ask the government to return the previously collected solidarity tax.　　According to the U.S. “Washington Post” reported, the German government's budget has been delayed for several months difficult to introduce, solidarity tax issue or will further exacerbate the difficulty of budgeting, and intensify the internal contradictions of the three-party ruling coalition. In November last year, the German Federal Constitutional Court ruled that the German government will be 65 billion euros of new crown epidemic related funds to change the use of climate change-related areas unconstitutional, the above changes caused by the German fiscal budget adjustment shockwave has not been fully calmed, which also makes the German government in the development of a new budget has become more cautious.　　The current German economic situation is worrying. As the two pillar industries of the German economy, the automobile and chemical industries are facing the impact of industry change, and the German enterprises are not prepared to cope with the lack of power. The German auto giant Volkswagen, for example, the company has issued a warning for self-help out of the German domestic plant closure and layoffs and wage cuts, but faced with the opposition of labor unions. Germany's gross domestic product slumped 0.3 percent last year, and this year the German economy is likely to shrink for the second consecutive year, with the government forecasting a 0.2 percent contraction.　　Data from the Organization for Economic Co-operation and Development (OECD) show that economic conditions in several major European countries are hardly optimistic. Compared to 2019 before the new crown epidemic, the current size of the German economy only slightly increased by 0.2%, France and the United Kingdom is slightly better, but only 3.7% and 2.9% respectively. The International Monetary Fund's latest forecast puts overall eurozone economic growth at just 0.8% this year.　　In the German budget is difficult to produce, the British and French governments have introduced the latest budget in October, but have caused a lot of questions. The British Labour government budget proposed to increase government revenue by 52 billion pounds through the imposition of new taxes, a move known as the British “generation since the most substantial tax increases. In addition, the Labor government also proposed to raise further debt to meet government spending needs. The Guardian, a British media outlet that has always supported the Labor Party, reported that the Labor Party came out of power with a budget that was fierce in terms of tax increases and debt, but could only bring about the limited effect of a mild short-term boost to the economy. In France, the 2025 budget is seen as an attempt by the government to regain control of public finances in the face of high levels of debt, the key to which is a drastic cut in government spending, while targeting the rich and big businesses to increase taxes. Some critics have questioned France's austerity efforts, and some analysts have argued that the goal of reducing the budget deficit to 5 percent of gross domestic product by the end of 2025 will be difficult to achieve.