Trouble in Germany’s fiscal paradise?

Wednesday 12 March 2025

Deutsche with the note.

Over in Europe, the main news came from Germany, after the Green Party said they wouldn’t support the proposal from the CDU/CSU and the SPD to amend the constitutional debt brake to unlock funds for defence and infrastructure spending.

That’s significant, because a constitutional amendment requires a two-thirds majority, hence support from the Greens will be required, even though they’re not a part of the coalition talks.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.