German Finance Minister and Vice Chancellor Lars Klingbeil (C) gives a press conference to present the government's 2027 budget and the financial plan for 2028 to 2030, on April 29, 2026 in Berlin. (Photo by John MACDOUGALL / AFP via Getty Images)

German Finance Minister and Vice Chancellor Lars Klingbeil gives a press conference to present the government's 2027 budget and the financial plan for 2028 to 2030, on April 29, 2026 in Berlin. (Photo by John MACDOUGALL / AFP via Getty Images)

German Finance Minister and Vice Chancellor Lars Klingbeil (R) gives a press conference to present the government's 2027 budget and the financial plan for 2028 to 2030, on April 29, 2026 in Berlin. (Photo by John MACDOUGALL / AFP via Getty Images)

German Finance Minister and Vice Chancellor Lars Klingbeil gives a press conference to present the government's 2027 budget and the financial plan for 2028 to 2030, on April 29, 2026 in Berlin. (Photo by John MACDOUGALL / AFP via Getty Images)

Delegates stand in front of the venue of German National Maritime Conference in Emden, northern Germany, on April 29, 2026. The National Maritime Conference (NMK) is the Federal Government's central event for supporting the maritime industry, attended by around 800 representatives from business, politics and science, and has established itself as a driver of new ideas and a platform for exchange. It has been held every two years since 2000. (Photo by FOCKE STRANGMANN / AFP via Getty Images)

German Finance Minister and Vice Chancellor Lars Klingbeil gives a press conference to present the government's 2027 budget and the financial plan for 2028 to 2030, on April 29, 2026 in Berlin. (Photo by John MACDOUGALL / AFP via Getty Images)

German Finance Minister and Vice Chancellor Lars Klingbeil gives a press conference to present the government's 2027 budget and the financial plan for 2028 to 2030, on April 29, 2026 in Berlin. (Photo by John MACDOUGALL / AFP via Getty Images)

German Finance Minister and Vice Chancellor Lars Klingbeil gives a press conference to present the government's 2027 budget and the financial plan for 2028 to 2030, on April 29, 2026 in Berlin. (Photo by John MACDOUGALL / AFP via Getty Images)