Germany’s debt brake and the art of fantasy budgeting (original) (raw)
Jul 11th 2024|BERLIN
Like A SQUIRMING Harry Houdini, Germany’s government has once again wriggled its way out of a straitjacket it applied to itself. On July 5th, having blown through one self-imposed deadline to conclude a draft budget for 2025, the coalition’s negotiators pulled an all-nighter to avoid missing a second. The result, said a bleary-eyed Olaf Scholz, Germany’s chancellor, was a “work of art”.
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This article appeared in the Europe section of the print edition under the headline “Wriggling out of the straitjacket”
Europe July 13th 2024
- France is desperately searching for a government
- When will Ukraine join NATO?
- A Russian missile hits a children’s hospital in central Kyiv
- Germany’s debt brake and the art of fantasy budgeting
- The Kremlin is rewriting Wikipedia
- Viktor Orban solidifies his credentials as the EU’s pantomime villain
From the July 13th 2024 edition
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