Debt brake reform: Debate reaches the Union, political correspondent for the Frankfurter Allgemeine Sonntagszeitung, Konrad Schuller, comments.

Debt brake reform: Debate reaches the Union, political correspondent for the Frankfurter Allgemeine Sonntagszeitung, Konrad Schuller, comments.

According to a report from www.faz.net, East German CDU prime ministers have expressed their support for reforming the debt brake after the Federal Constitutional Court caused billions in holes in their budgets. Both the Prime Minister of Saxony, Michael Kretschmer, and the Prime Minister of Saxony-Anhalt, Reiner Haseloff, are open to negotiations about reforming the debt brake. They see the need to find constitutionally compliant ways for investment loans in order to enable important future investments. Kretschmer describes the situation after the Federal Constitutional Court's ruling as dramatic and sees the situation as threatening for the future of Germany. He demands that the federal government adhere to real austerity measures and not increase social spending.

The discussion about reforming the debt brake has reached the Union after the Federal Constitutional Court caused holes worth billions in the budget. This has far-reaching effects on financial policy and the market, as the debate about reforming the debt brake has so far been primarily demanded by the Greens and the SPD. The East German Prime Minister's openness to reform shows that support for changing the debt brake also comes from the Union. This could lead to a redefinition of the debt brake in order to enable important future investments. Overall, the discussion about the debt brake is likely to lead to a reassessment of financial policy and changes in policies regarding investment and budget management.