Efficiency on Credit: Germany Releases Debt Brake

Zdjęcie: Construction site on the Platz der Republik in Berlin


The amendment to the German Basic Law, which allows for increased defence spending and infrastructure investment, should be seen as a key component of the changes initiated in the country after Russia's aggression against Ukraine in 2022, and as specified – 3 years besides late. The outbreak of a full-scale war has clearly proven to be an insufficient catalyst for improvement in Germany, and only the increasing uncertainty about the consequences of the policy of the fresh US president Donald Trump has forced Berlin to take action.