Europe | Spend, baby, spend

Germans are growing cold on the debt brake

Expect changes after the election

Friedrich Merz
Photograph: Getty Images
|BERLIN

WHAT DO Angela Merkel, Olaf Scholz, the Bundesbank, the imf, the OECD, Germany’s biggest trade union, its state-appointed council of economic experts and most of its European allies have in common? Not much, on the face of it. But they all share the view that Germany’s “debt brake” is no longer serving the country well.

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This article appeared in the Europe section of the print edition under the headline “Easing the straitjacket”

From the January 25th 2025 edition

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