The government deficit of over 4% of GDP prompts the Commission to initiate an excessive deficit procedure against Austria. The Commission also threatens to withdraw funds from Romania.
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The EU debt rules ignore obstacles to growth that can arise from climate damage. They therefore lead to fiscal policy decisions that are no longer appropriate for the times, argue fiscal policy expert Philippa Sigl-Glöckner and fiscal policy expert Vinzenz Ziesemer.
By Experts Table.Briefings
At the Eurogroup meeting in Brussels, the new German Finance Minister Lars Klingbeil emphasized the growth-promoting elements of the government's program. On the question of whether Germany will break the EU debt rules, he is playing for time.
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Germany and other EU states want to use an exemption clause in the EU debt rules to increase their defense spending. The Commission is expecting further applications.
By Redaktion Table
Neighboring countries could also benefit from the debt-financed spending plans of the CDU/CSU and SPD, says the Irish Finance Minister. However, whether the Greens will agree to the amendment to the Basic Law is still completely open.
By Till Hoppe
The Federal Minister of Finance sees no conflict with EU fiscal rules in the planned billion-euro programs: Strengthening growth and increasing spending are "two sides of the same coin." However, the Greens are questioning their approval of the necessary amendment to the Basic Law.
By Till Hoppe
Despite pressure from Germany, the EU Commission wants to stick to the current EU fiscal rules and allow additional defense spending via the escape clause.
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A large majority of heads of state and government welcome the Commission's proposals to rearm Europe. Only Hungary opposed the support for Ukraine.
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The planned special fund for infrastructure could boost growth if it is flanked by smart economic policy, write Carl Mühlbach and Marina Guldimann from the think tank Fiscal Future. The relaxation of the debt brake is also a step in the right direction towards an effective fiscal policy.
By Experts Table.Briefings
The Commission aims to encourage member states to increase defense spending through subsidized loans and a limited relaxation of EU debt rules. In Berlin, the potential coalition partners agree to exempt defense spending from the debt brake.
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