A decision to suspend a so-called debt brake will allow the government to significantly increase new borrowing this year. German Finance Minister Christian Lindner plans to present a supplementary budget next week for the current year that lifts borrowing limits after the top court wiped €60 billion from existing spending plans. Lindner’s decision follows a ruling by the Constitutional Court, which said a move to redirect €60 billion ($65 billion) of unused debt from the pandemic era to a climate fund was unconstitutional. Is the Germany economy shrinking ?

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