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Debt-Brake Overhaul Unlikely This Term as Reform Panel Stalls, Reports Say

A Bild report points to a stalled panel with little chance of a reform this term.

Overview

  • Reports say the government’s debt-brake commission has stalled and no longer expects an agreement, with meetings now limited to small groups.
  • A final session is slated for May, after which the panel would release only a non-binding list of ideas instead of a reform plan.
  • The debt brake is a constitutional cap on structural deficits, and people involved cite deep splits over easing it as the reason talks broke down.
  • The Finance Ministry says the commission is still working and calls the issues complex.
  • The accounts come from Bild, echoed by WELT and AFP, and rely on unnamed participants rather than on-the-record confirmation.