3min snip

INSIGHT

German Election & Debt Break

In the German election, no major party campaigned on reducing public spending.
Friedrich Merz, expected to be the next Chancellor, has three coalition options, and a grand coalition with the Social Democratic Party is anticipated, though he might collaborate with AfD on specific issues.
Current discussions revolve around potentially annulling the "debt break" (Schuldenbremse).
Merz might use the existing parliament, where the top three parties hold a two-thirds majority needed to remove the debt break, before forming a new government where this majority might be lost.
This potential removal of the debt break is significant news for Germany's fiscal future.

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