FDP Head Dürr: “No Debt Brake Without the FDP”
Christian Dürr, the leader of the Free Democratic Party (FDP), has recently emphasized the importance of his party’s role in upholding the debt brake mechanism in Germany.
In an interview with the German news outlet Handelsblatt, Dürr stated, “Without the FDP, there would no longer be a debt brake.” He highlighted the FDP’s consistent support for the debt brake, which limits government borrowing and ensures fiscal discipline.
According to Dürr, the debt brake has played a crucial role in stabilizing Germany’s public finances and fostering economic growth. He argued that the mechanism has helped reduce government debt, improve the country’s credit rating, and create a more favorable investment climate.
The debt brake mechanism was enshrined in the German constitution in 2009, with the FDP playing a leading role in its implementation. The mechanism sets strict limits on government borrowing, with exceptions only being allowed during exceptional circumstances, such as a severe economic downturn.
Dürr’s comments come amid concerns about rising government debt levels in Germany due to the COVID-19 pandemic and other factors. However, he emphasized the need to adhere to the debt brake’s principles and avoid excessive borrowing that could lead to future financial instability.
“We must not jeopardize the debt brake with the first setback,” Dürr said. “We need to ensure sustainable public finances for the future, especially in light of the challenges posed by demographic change and the energy transition.”
The FDP is part of Germany’s ruling coalition government, along with the Social Democratic Party (SPD) and the Green Party. The party has consistently advocated for fiscal responsibility and a balanced budget, making it a key player in ensuring the stability of the country’s public finances.
Christian Dürr: Ohne FDP gäbe es die Schuldenbremse nicht mehr
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