Household - Söder: "No change to the debt brake"
Bavaria's Minister President Markus Söder (CSU) does not want any changes to the debt brake. "The debt brake will not be softened. I am also very disappointed that Christian Lindner said in a recent interview that, well, perhaps it could be tinkered with a little," said Söder on Sunday in the ZDF program "Berlin direkt" with regard to Finance Minister Lindner (FDP). Under no circumstances would the CDU/CSU agree to a change to the debt brake in the Bundestag, said Söder. "This means that the necessary two-thirds majority for a constitutional amendment is not given."
Although Lindner rejects a fundamental reform of the debt brake as demanded by the coalition partners SPD and Greens, he recently announced plans for a partial reform in the coming year. The FDP politician told Redaktionsnetzwerk Deutschland on Saturday that there are plans to revise the calculation of the so-called economic component, which allows more leeway in the event of a downturn. "The intention is to adapt the calculation to the current state of economic research, which will change the fluctuation range," he said.
Due to the gigantic German national debt, the debt brake was enshrined in the Basic Law in 2009. A fundamental reform would require a two-thirds majority in the Bundestag and Bundesrat. The economic component, on the other hand, is only enshrined in a law implementing the debt brake.
Compendium on the debt rule Act implementing Article 5 of the Basic Law Article 115 of the Basic Law
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- Despite the calls for a reform from the SPD and Greens, Finance Minister Christian Lindner (FDP) has mentioned plans for a partial revision of the debt brake's economic component next year.
- In a recent interview, Lindner suggested tinkering with the debt brake, which Bavaria's Minister President Markus Söder (CSU) strongly opposed on Sunday during the ZDF program "Berlin direkt."
- The CDU/CSU is firmly against any changes to the debt brake in the German Bundestag, as a two-thirds majority is required for a constitutional amendment.
- Originally enacted in 2009 due to the country's substantial debt, the debt brake is an essential rule enshrined in Article 115 of the Basic Law.
- Following the enactment of the debt rule, a separate law implementing Article 5 of the Basic Law was also passed.
- Germany's Minister President Markus Söder's stance on the debt brake remained as unfaltering as the FDP's and CSU's continued support for maintaining the current debt limit in the face of economic downturns.
Source: www.stern.de
