Finance
Klingbeil consultant warn of the loosening of the debt brake
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A commission is working for the federal government on a reform of the debt brake. Now Minister of Finance Klingbeil is involved. The SPD leader should hardly like her tenor.
Well -known business advisors of Finance Minister Lars Klingbeil (SPD) warn of further loosening the debt brake. In view of the last approved billion dollar loans, effective limitation of new debt is even more important than before, according to a statement by the scientific advisory board at the Ministry of Finance on Friday.
Otherwise, Germany is threatening to tear EU guidelines, disproportionately high debts and even endanger the stability of the euro. “Against this background, the advisory board considered a further loosening of the debt brake to be problematic and suggests taking the planned discussion on the reform of the debt brake as an opportunity to improve the effectiveness of the debt brake.”
The Federal Government has deployed a commission to develop proposals for reforming the debt brake by the end of the year. Both coalition partners currently think in completely different directions: In the SPD, the debt brake is considered an investment brake and is to be loosened, the Union wants to preserve the rules as far as possible. Some members of the independent scientific advisory board of the Ministry of Finance also sit in the debt brake commission: IFO President Clemens Fuest, the former economy Volker Wieland, financial scientist Thiess Büttner.
dpa
Source: Stern

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