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Germany's election victor must ditch its debt rules

Germany’s election victor must ditch its debt rules—fast

F RIEDRICH MERZ, who is likely to become Germany’s next chancellor, used his victory in Sunday’s elections to issue a remarkable warning to his compatriots. This was not the need to revive his country’s ailing economy,

Al Jazeera on MSN · 3d

Debt brake: How this fiscal rule could shape Germany’s election

The debt brake, or “Schuldenbremse”, caps the federal government’s new borrowing at 0.35 percent of Germany’s gross domestic product (GDP) – except in emergencies – and bars its 16 states from taking on new debt. It is designed to prevent irresponsible government spending.

Khaleej Times on MSN · 3d

German elections: How austerity and the debt brake opened the door to the far-right

The brake - part of Germany's response to the 2009 financial crisis under former chancellor Angela Merkel - limits the federal government's deficit to a mere 0.35 per cent of output. By comparison, last year the US budget deficit was more than 6 per cent of output.

Germany, AfD and Friedrich Merz

Hosted on MSN · 14h

Germany's Merz will push up debt with help of left, says AfD leader

The leader of the far-right Alternative for Germany (AfD), the second largest party in parliament after Sunday's election, said Germany's likely next chancellor would be held hostage by left-wing parties that would seek to loosen tough fiscal rules.

U.S. News & World Report · 18h

Germany's AfD, Left Party Can Jointly Block Changes to Constitution

The far-right Alternative for Germany (AfD) and Germany's Left party between them garnered the one third of seats in parliament needed to block changes to the constitution, including a loosening of the debt brake which restricts deficits to 0.

The Washington Post · 1d

The Latest: Merz wins Germany's election while AfD makes historic gains

German voters cast their ballots in Sunday’s election , with opposition leader Friedrich Merz claiming victory and Chancellor Olaf Scholz conceding defeat. Alternative for Germany, or AfD, is heading for the strongest showing for a far-right party since World War II.

German Social Democrats Ditch Scholz

Reuters · 13h

Debt brake reform would be discussed by party leaders, says Germany's Scholz

A reform of Germany's constitutionally enshrined debt brake, which limits public borrowing, would be discussed by the leaders of the conservatives and the centre-left Social Democrats (SPD) in coalition talks,

Bloomberg on MSN · 1d

German Social Democrats Ditch Scholz After Historic Defeat

Germany’s Social Democrats are taking steps to revamp their leadership as a role in a new government beckons, even though Chancellor Olaf Scholz’s party slumped to its worst election result since World War II.

Yahoo · 11h

Germany's Scholz to remain in politics as backbencher after defeat

Following a historic election defeat for his centre-left Social Democrats (SPD), German Chancellor Olaf Scholz said on Monday that he plans to carry out his work as head of government "properly to the end.

German election brings some relief to European markets, debt brake in focus

An election win for Germany's conservatives has eased concerns of political gridlock in Europe's biggest economy, though it ...

Germany’s debt brake problem

The US and Europe battled in the UN and G7 over whether to blame Russia for its war against Ukraine, German election winner Friedrich Merz faces serious hurdles to boosting defence spending, and Apple ...

What Germany’s Election Result Means for Its Economy

The next German government faces calls to loosen borrowing rules, slash energy costs and spur innovation. It won’t be easy.

11h

Here are the key positions of Germany’s likely coalition parties

An alliance between Friedrich Merz’s conservatives and the center-left SPD is the only viable path to form a new government ...

Cfr.org4h

Germany’s Governance Test After Far-Right Electoral Surge

Friedrich Merz looks poised to form a coalition between his center-right alliance and the center-left Social Democrats, but ...

17hon MSN

Germany's conservatives declare victory in Berlin. Now the hard work begins

A conservative alliance made up of the CDU and CSU is set to lead Germany again, but the new coalition government will have ...

German Election Results: Germany's Center Just About Holds

Financial markets rose on the likelihood of a two-party coalition between the CDU/CSU and the SPD, with Germany's benchmark ...

2don MSN

How Russia, China, and the 'debt brake' are keeping Germany's economy stuck in the slow lane as voters go to the polls

Germany has the world's third-largest economy, but is struggling to kickstart growth. It's one of the issues facing voters in ...

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