Germany's Chancellor Olaf Scholz leaves the presidential Bellevue Palace after attending a dismissal ceremony for some of his government's ministers and the appointment of a new Finance minister hosted by the German President in Berlin on November 7, 2024. The day before, the German Chancellor sacked Finance minister Christian Lindner, from the pro-business Free Democrats FDP, leading to the breakdown of his three-party coalition government. (Photo by Odd ANDERSEN / AFP) (Photo by ODD ANDERSEN/AFP via Getty Images)

Germany's Chancellor Olaf Scholz leaves the presidential Bellevue Palace after attending a dismissal ceremony for some of his government's ministers and the appointment of a new Finance minister hosted by the German President in Berlin on November 7, 2024. The day before, the German Chancellor sacked Finance minister Christian Lindner, from the pro-business Free Democrats FDP, leading to the breakdown of his three-party coalition government. (Photo by Odd ANDERSEN / AFP) (Photo by ODD ANDERSEN/AFP via Getty Images)

(L-R) Outgoing German Finance Minister Christian Lindner and German Justice Minister Marco Buschmann listen as the German President (unseen) speaks before handing the dismissal orders to ministers and a certificate of appointment, at the presidential Bellevue Palace in Berlin on November 7, 2024. The day before, the German Chancellor sacked Finance minister Christian Lindner, from the pro-business Free Democrats FDP, leading to the breakdown of his three-party coalition government. (Photo by RALF HIRSCHBERGER / AFP) (Photo by RALF HIRSCHBERGER/AFP via Getty Images)

Germany's Chancellor Olaf Scholz leaves the presidential Bellevue Palace after attending a dismissal ceremony for some of his government's ministers and the appointment of a new Finance minister hosted by the German President in Berlin on November 7, 2024. The day before, the German Chancellor sacked Finance minister Christian Lindner, from the pro-business Free Democrats FDP, leading to the breakdown of his three-party coalition government. (Photo by John MACDOUGALL / AFP) (Photo by JOHN MACDOUGALL/AFP via Getty Images)

Incoming Finance Minister Joerg Kukies leaves the presidential Bellevue Palace in Berlin after receiving his letter of appoinment from the German President on November 7, 2024. The day before, the German Chancellor sacked Finance minister Christian Lindner, from the pro-business Free Democrats FDP, leading to the breakdown of his three-party coalition government. (Photo by Odd ANDERSEN / AFP) (Photo by ODD ANDERSEN/AFP via Getty Images)

German President Frank-Walter Steinmeier (L) hands the dismissal order to German Finance Minister Christian Lindner at the presidential Bellevue Palace in Berlin on November 7, 2024. The day before, the German Chancellor sacked Finance minister Christian Lindner, from the pro-business Free Democrats FDP, leading to the breakdown of his three-party coalition government. (Photo by RALF HIRSCHBERGER / AFP) (Photo by RALF HIRSCHBERGER/AFP via Getty Images)

Bank of England Governor Andrew Bailey speaks during the central bank's Monetary Policy Report press conference at the Bank of England, in London, Thursday, Nov. 7, 2024. (Henry Nicholls/Pool Photo via AP)

Bank of England Deputy Governor for Monetary Policy Clare Lombardelli gestures, during the central bank's Monetary Policy Report press conference at the Bank of England, in London, Thursday, Nov. 7, 2024. (Henry Nicholls/Pool Photo via AP)