Sudha David-Wilp, a senior fellow at the German Marshall Fund of the United States, a think tank, said Scholz’s implementation of the policy was hindered by his squabbling coalition. Now, she told CNN ...

Merz made the announcement alongside the CSU's Markus Söder and the SPD co-leaders Lars Klingbeil and Saskia Esken. It comes just over a week after the CDU won Germany's federal election.

The law on the debt brake reform now needs to be approved by the upper house of Germany’s parliament, also with a two-thirds majority, which Merz looks to have secured. According to David-Wilp ...