German debt brake reform won't happen during current government term, Bild reports - Reuters
German debt brake reform won't happen during current government term, Bild reports Reuters
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<a href="https://news.google.com/rss/articles/CBMiwwFBVV95cUxNMlluR0E1eU12MlMwTDFWbUI3b0RWNkoxdHZOMzh6MWo5ZmVsejNOa2lJRFN2OC16MWx2dGZTeVhuVng2ZXdBamtaNjU0Rm9XVFlkNEpPSk9mVUFPWVMyVFRGOHR4SVIxMGZKT2NaTncxN08yN21kb1VIV0V2UmxFc2lUcTRwTi1uRVZpQ0h3ZUlZSXZfZUN1MUVTWkNjd3pFQnJBQXZQTXdiUGVEZ1BLUmlIWG1ZX0E1SEVPRGpUVVRNTGs?oc=5" target="_blank">German debt brake reform won't happen during current government term, Bild reports</a> <font color="#6f6f6f">Reuters</font>
A planned reform of Germany's cap on public borrowing will not take place during the government's current legislative term, as the responsible commission has failed to find common ground. A final meeting is planned for May, after which a non-binding proposal is expected.
Germany’s planned reform of its constitutional 'debt brake'—which limits federal structural borrowing to 0.35% of GDP—will not be implemented during the current legislative term. The expert commission tasked with developing a reform proposal has failed to reach consensus, with a non-binding proposal expected after a final May meeting.
Germany’s planned reform of its constitutional 'debt brake,' which limits federal structural borrowing to 0.35% of GDP, will not occur during the current legislative term. The expert commission tasked with developing a reform proposal has failed to reach consensus, with members now meeting only formally ahead of a final session in May. Following this, the commission is expected to issue a non-binding set of ideas rather than a comprehensive reform plan.
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