Germany's Fiscal U-turn Potential
This is a Germany news story, published by CNBC, that relates primarily to CDU-CSU's news.
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debt brake overhaulCNBC
•World
World
Germany's fiscal U-turn could be a 'game changer' for the country's sluggish economy, analysts say
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
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65
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Language
English
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