07/11/2024
must adjust its debt rule before early elections in spring of 2025!
Failing to act in the remaining days and weeks puts at risk Germany, the EU, Europe’s defense, but also the rule of law and the battle against climate change globally.
The rule was well intended to limit borrowing to investments, but poorly drafted: it must be applied not just to single year as is the case now, but to a decade or more, over which investments bear fruits.
Unless this happens, Germany’s, the EU’s and indeed the world’s future is at severe risk:
It is highly likely, that German democratic forces will lose their constitutional majority in the spring of 2025 to extreme forces.
When it does, Germany may choke on its own rules - while that may cause some “Schadenfreude”, ie be quite amusing to those who have suffered from German rules - it is unfortunately dead serious.
Following ’s victory Germany and the EU must take more responsibility for ‘s our ’s and Germany’s own defense and .
But the Finance Minister blocked more spending, based on the current, self-imposed constitutional no borrowing rules. He was thus fired and the Social Democratic - Green - Liberal coalition came to an end.
CDU/CSU, SPD and GREENS must now act, before Germany becomes a sitting duck waiting to literally be run over.
