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”.
Source link : https://www.economist.com/europe/2024/07/11/germanys-debt-brake-and-the-art-of-fantasy-budgeting
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Publish date : 2024-07-11 10:47:34
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