Merkel calls for reforming Germany's debt brake to fund investments amid economic challenges.

Former German Chancellor Angela Merkel supports reforming Germany's debt brake rule to allow higher borrowing for future investments, citing an aging population and social unrest. Established in 2009, the debt brake limits borrowing to 0.35% of GDP, but Merkel argues it needs changes to address economic challenges like defense spending and climate transition. This stance contrasts with some conservative party leaders who are more cautious about reform.

November 26, 2024
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