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Germany's Debt Break: A Controversial Fiscal Framework in Need of Reform
Germany has long prided itself on fiscal discipline, significantly shaped by the introduction of the so-called "debt break" in 2009. This constitutional mandate, instituted during Angela Merkel's tenure, has established Germany as one of the few European countries that consistently adheres to balanced budgets. However, in a shifting economic landscape and a fracturing political climate, even this bastion of fiscal conservatism seems poised for potential reform.