I'm enjoying watching all those who proclaimed (not you @jeremycliffe.bsky.social) that Germany was bust, that it couldn't respond quickly to world events, that its economic model was over
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Jeremy Cliffe
CDU/CSU &SPD have just proposed a sea change in German fiscal policy:
- defence spending above 1% of GDP exempt from debt brake
- 10-year €500bn special fund for infrastructure
- looser debt rules for states
- further debt-brake reform in new Bundestag
- defence spending above 1% of GDP exempt from debt brake
- 10-year €500bn special fund for infrastructure
- looser debt rules for states
- further debt-brake reform in new Bundestag
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