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Germany's 'debt brake' rule helped collapse its government — and it could be about to change

22 November 2024
in World
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Germany's 'debt brake' rule helped collapse its government — and it could be about to change
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The collapse of the German government was triggered by clashes within the ruling coalition over economic and budget policy, particularly concerning the country’s debt brake. Former Finance Minister Christian Lindner was sacked after refusing Chancellor Olaf Scholz’s request to pause the debt brake, leading to the coalition’s breakup. Tensions over fiscal policy were fueled by concerns about the economy, ultimately leading to early elections in February.

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Tags: 039debtbrake039business newsChangeChristian LindnercollapseEconomic eventsEconomic outlookEconomyFiscal policyGermanyGermany039sgovernmentGovernment and politicshelpedOlaf ScholzPoliticsrule
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