Bundesbank chief calls for softer debt brake to increase investment

  • 📰 FT
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

German central bank president Joachim Nagel urges Berlin to relax rules to address defence and infrastructure shortfalls

The head of Germany’s Bundesbank has called on Berlin to soften its tough spending rules, warning that Europe’s largest economy faced a “complicated” and “weak” outlook. Germans are set to head to the polls in February, with the post-pandemic stagnation of Europe’s largest economy feeding into widespread voter discontent with Chancellor Olaf Scholz’s ruling coalition.

Nagel said he was still confident that the country could overcome any crisis, saying: “Past experience shows that when Germany is feeling the pain, Germany will change.” He singled out discussions over reform of the constitutional debt brake as an example of how Germany could cope.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 113. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines