German chancellor shows support for debt brake reform in the future
The Star Online - News·2024-04-27 21:00
BERLIN (Reuters) - German Chancellor Olaf Scholz said for the first time on Saturday that he supports a reform of the country's constitutionally-enshrined debt brake, but does not currently see any possibility of doing it right now.
Altering the rules of the debt brake, which limits public deficits to 0.35% of gross domestic product, would require a two-thirds majority in the upper and lower houses of parliament.
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