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BERLIN (Reuters) – The leader of Germany’s Social Democratic Party (SPD) sees a “good starting point” for reforming the nation’s spending cap, known as the debt brake, and said that such a move wouldn’t have to wait until the formation of a new government.
Referring to signs of willingness for reform from the centre-right opposition, Lars Klingbeil told the Handelsblatt newspaper: “That’s a good starting point for continuing straight away.”
“We don’t have to wait until there is a new government in April, May or June, when we don’t even know whether we will have the necessary majorities in the Bundestag with a two-thirds majority,” Klingbeil told the business paper’s podcast in comments published on Friday.