The abolition of the "debt brake" enshrined in the #German constitution is being considered as preparations are made for increased borrowing to cover the tragic 2025 budget shortfalls estimated at over €8 billion.
The German budget hole has three priorities which cannot be met simultaneously
Defence spending rises to 2.5% of GDP as #NATO demands
The cost of the Green Transition
and the need for huge social aid for the increased energy costs and support for economically weaker incomes.
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:redstar: Spartacus (iamspartacus@kafeneio.social)'s status on Monday, 25-Nov-2024 07:19:53 JST :redstar: Spartacus