Germany's SPD Eyes Immediate Reform of Debt Brake

Lars Klingbeil of Germany's Social Democratic Party sees a promising start for reforming Germany's spending cap, the debt brake. He suggests that the move could proceed without waiting for a new government, noting center-right opposition's readiness for reform.

Germany's Social Democratic Party (SPD) leader, Lars Klingbeil, views the current situation as ideal for initiating reforms on the nation's spending cap, known as the debt brake.

Klingbeil highlighted recent openness from the center-right opposition as a significant opportunity for moving forward with these reforms immediately.

He argued that pursuing these changes should not be delayed until a governmental transition period, given the uncertainty surrounding potential majorities in the Bundestag required for such reforms.

(With inputs from agencies.)