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Commerzbank On The Fiscal Situation

GERMANY

Commerzbank note that “the German budget mess looks set to create more headlines today with Scholz scheduled to give a government declaration this morning.”

  • “Various consolidation options are making the rounds, but unless the government suspends the debt brake again for 2024 (very unlikely) or it tries to find technical loopholes in the legal mechanics (quite difficult), it will have to reduce next year's new debt by some EUR52bn next year compared to earlier planning.”
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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