this post was submitted on 01 Apr 2024
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Europe

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[–] [email protected] 14 points 7 months ago (1 children)

Germany can easily borrow a lot of money, if it chooses too

And it does not and will not. Not because it makes sense, but because of politics.

[–] [email protected] 4 points 7 months ago* (last edited 7 months ago)

Yeah it's a wicked conundrum of past politic decisions now biting their asses. CDU and SPD made the debt brake law that forbids them to take loans to solve a crisis that is not unforeseeable and short term. Almost all crisises now have been foreseeable and are long term (demographic change, climate crisis, declining work force,...). SPD is part of the government now and the CDU is weaponizing the debt brake. All socially responsible solutions are vetoed by the neoliberal FDP and the opposition uses that to discredit the entire government, mainly shifting the blame to the Greens because they are their main political opponent. This results in a surge of far-right votes, pushing sane solutions even further away.