Germany to Curb EU Citizens’ Access to Welfare Payments

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

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.