CDU Leader Friedrich Merz Stands Firm on Debt Brake Policy

Friedrich Merz, leader of the conservative Christian Democrats (CDU) in Germany, has no intention to alter the existing debt brake which caps the public deficit to 0.35% of the GDP, as revealed by a source. This stance highlights CDU's commitment to fiscal discipline.

Friedrich Merz, the head of Germany's conservative Christian Democratic Union (CDU), reportedly has no plans to modify the existing debt brake policy. According to a source close to Merz, his leadership remains firm on maintaining the fiscal constraint.

The debt brake, a critical component of Germany's financial policy, restricts the public deficit to a mere 0.35% of the country's gross domestic product. This measure aims to ensure long-term fiscal stability and prevent excessive government borrowing.

Merz's steadfast commitment to this policy underlines the CDU's dedication to fiscal discipline, a principle that continues to shape the party's economic strategies.

(With inputs from agencies.)