On Wednesday, German Chancellor Olaf Scholz dismissed his finance minister and coalition accomplice, Christian Lindner, over disagreements on financial coverage. The nation will now be going through a snap election subsequent yr in a bid for extra political stability. On this version, we take a look at the difficulty on the coronary heart of this cut up: Germany’s “debt brake”, which limits the nation’s skill to borrow cash and might need to be suspended with a view to revive a struggling financial system.
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