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9 months agoGermany politics
EXPLAINED: How deep does the German fear of debt go?
Germany's debt brake, which limits the federal government's borrowing, is causing political chaos but has significant support from the majority of Germans.
Recent polls show that over 60% of Germans oppose relaxing or getting rid of the debt brake, and another 60% believe the government should cut spending to reduce the budget shortfall.
Germany's government debt is about 66% of GDP, which is lower than countries like the UK, Canada, France, and the US, but higher than Italy's 144% of GDP and Japan's. [ more ]