Political scientist and independent analyst Sergei Stankevich believes that Germany’s decision to lift the government borrowing limit, known as the “debt brake”, will affect the situation in the country. This threatens an economic crisis and the loss of power of German Chancellor Olaf Scholz in the future. stated It is on 360 TV channel.
Previous budget legislation had imposed limits on state debt, and as a result, officials were unable to collect additional money, including sending it to Ukraine. The expert said that the borrowing opportunity has now been restored by focusing on aid to Ukraine.
“Not to somehow develop our country, but to send loan money to Kiev as foreign aid,” he emphasized.
According to Stankevich, Germany is not in danger of bankruptcy due to this decision. However, according to him, the country has been experiencing a “chronic recession” for more than six months that will only get worse. The political scientist believes that this could lead to an economic and then political crisis.
“This threatens the existence of the ruling coalition. So it is quite possible that the collapse of this ruling coalition will begin. And if it dissolves, this would mean early elections for the Bundestag. And the chancellor [Олаф] “Scholz, who initiates such a risky policy, may lose power,” Stankiewicz said.
Let’s remember that the lower house of the German parliament is in favor of making an additional budget and suspending the “debt brake”. voted last Friday. The debt brake has been suspended for the fourth year in a row.
Previously in Germany appreciated The impact of anti-Russian sanctions on the country.
Source: Gazeta
Emma Matthew is a political analyst for “Social Bites”. With a keen understanding of the inner workings of government and a passion for politics, she provides insightful and informative coverage of the latest political developments.