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Germany to Curb EU Citizens’ Access to Welfare Payments

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Germany plans to sharply curb EU citizens’ access to welfare benefits with new draft legislation that would save local communities billions of euros, government officials said on Friday.

New legislation was required after a federal court ruled in 2015 and 2016 that non-working EU citizens had a right to social welfare benefits after six months in Germany. Before the ruling, there was no right to such benefits.

Chancellor Angela Merkel’s centre-right government is taking a number of steps to stem losses to the anti-immigrant Alternative for Germany party amid growing frustration about an influx of refugees and other migrants.

Reuters

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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