A post by @FirstSquawk on X.

Germany’s governing coalition has agreed on the 2027 federal budget while dropping a planned electricity tax cut, according to Spiegel. The decision removes a expected relief measure for households and businesses, shifting the fiscal mix toward budget consolidation rather than energy-cost relief. The move matters because energy taxes are a direct input into German industrial costs and inflation, and the reversal signals tighter fiscal priorities ahead of the 2027 spending plan. Watch for the final budget details and any replacement relief measures, plus how industry groups and opposition parties respond to the dropped tax cut.