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A long-standing debt rule helped collapse Germany's government. Now the policy is ripe for reform
When the German government collapsed earlier this month, clashes within the former ruling coalition about economic and budget policy were widely cited as a key factor — with the country’s debt brake playing a central role. Former Finance Minister Christian Lindner, whose sacking was the tipping point for the ruling coalition breaking up, told press in early November that German Chancellor Olaf Scholz had demanded a pause to the debt brake, a request he could not accept. Scholz had fired Lindner that same day, saying that the former finance minister did not seem willing to cooperate on Scholz’ suggestions for ... (full story)