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start listening terms apply this is cbs i on the world i'm john bachelor i welcome Joseph Sternberg, member of the editorial board of the Wall Street Journal. He's in London. Snowy London. He writes political economics. And we're observing now the November crisis in Germany. Earlier in the month, November 6, the German coalition government, called

the Traffic Light Coalition, fell. It fell for a very straightforward reason. Follow the money.

Joe, a very good evening to you. Thank you for this. I'm shocked and amazed to be reminded

that Germany actually pays for things.

So this comes down to a dispute between two men in the coalition.

Olaf Schultz, the Social Democratic Party leader, who is the chancellor of this coalition,

and a man named Lindner, who was the finance minister of the Free Democratic Party and said,

we can't pay for net zero off books. What does that mean and what happened? Good evening to you,

Joe. Hey, John. So basically what we've seen in Germany over the past couple weeks is the

denouement of phenomenon that really I started predicting

about a year ago.

Because as you pointed out, Germany's governing coalition, Chancellor Olaf Schultz, has been

an unwieldy monstrosity composed of three different parties.

So there's Olaf Schultz's Social Democratic Party who are kind of the conventional center left. There's Christian Lindner's very small free market

party, the free Democrats, and Lindner came into the government as the finance minister. And then

there's also the eco-leftist Green Party of Minister for Economy and Climate Change,

...