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debt brake overhaulCNBC
•World
World
75% Informative
Germany 's prospective fiscal U-turn could prove transformational for the country's struggling economy and European defense.
Leaders of the likely incoming coalition government on Tuesday announced plans to reform the debt brake and create a special investment fund.
Market reaction has widely been positive, with economists and analysts describing the move as 'historic' and a 'game changer'.
German DAX jumps 3.4% by 12:51 p.m. GMT as German companies lead the pan-European Stoxx 600 higher.
Germany 's states will be allowed to take on more debt than previously.
Long-term proposals to modernize the debt brake and strengthen investments will also be undertaken.
The proposals mark a major shift from CDU-CSU's election campaign.
VR Score
85
Informative language
90
Neutral language
65
Article tone
semi-formal
Language
English
Language complexity
57
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
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