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Roztrieštenosť politickej scény v Nemecku nedovolí veľké zmeny, ani len dôchodkovú reformu

Spory o dlhovú brzdu a rozpočtové pravidlá budú kľúčové pre ďalší vývoj najväčšej európskej ekonomiky



The fragmented political landscape in Germany, following recent elections, has made it difficult for the ruling CDU/CSU to form a stable government without a grand coalition with the SPD. Key challenges include adhering to the strict debt brake rule, maintaining fiscal discipline, and implementing significant structural reforms, particularly in public finances and investments. The presence of the far-right AfD and far-left Die Linke in the parliament complicates efforts to secure the two-thirds majority needed for constitutional changes, including pension reforms. Economic stagnation is a risk unless the government can balance fiscal prudence with increased investments in areas like energy transition, digitalization, and defense.

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