CDU/CSU rejects debt brake suspension despite Middle East tensions and economic pressures
Berlin. The conservative CDU/CSU parliamentary group in the Bundestag has issued a stark warning against using the Iran conflict as a pretext to suspend Germany's debt brake once again.
"Speculating about new borrowing must not become an automatic reflex whenever problems arise," Mathias Middelberg, deputy leader of the CDU/CSU faction, told the Neue Osnabrücker Zeitung (NOZ). "We can already see that the massive debt packages for infrastructure and the Bundeswehr have driven interest rates upward in Germany."
In Middelberg's view, additional loans would only worsen this trend. "And rising interest rates push up prices, which would once again place a heavy burden on consumers and our economy," the CDU politician told the NOZ.
Earlier, SPD parliamentary group leader Matthias Miersch had told the NOZ that in a crisis, the state must be prepared to take on further debt to prevent economic collapse.
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