Why Germany is plotting to break its cardinal economic rule

The country’s next chancellor is ready to rip up the rulebook to save the economy Tim Wallace Deputy Economics Editor

Tim Wallace

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16 November 2024 8:00am GMT

Merz and Scholz
Friedrich Merz, left, has previously defended the debt brake when Olaf Scholz wanted to borrow more

In one casual sentence, Friedrich Merz upended Germany’s economic policy.

Addressing the debt brake, a strict legal limit on borrowing introduced by Angela Merkel in 2009, Merz told a conference last week: “Of course, you can reform it.”

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