Germany remains focused on debt debate as EU expands borrowing
Wednesday 15 September 2021Vol.12 Ed.37.3
Commentary: Germany’s fiscal debate misses the mark
By Mark Sobel in Washington
With election day in Germany fast approaching, rhetoric is heating up, especially around the future course of fiscal policy and debt. There are calls to reinstate the constitutionally-mandated, though now suspended, debt brake. In some quarters, a failure to do so is seen as potentially unleashing fiscal ill winds. That is unsurprising in a country where the word for debt and guilt, ‘Schuld’, is one and the same. But is the Sturm und Drang warranted?
Read the full commentary on the website.
Meeting: Team Europe borrowers forum
Tuesday 21 September, 08:25-11:30 BST
This event brings together Europe’s three key borrowers: the Next Generation EU, European Investment Bank and the European Stability Mechanism. They discuss the state of play for the NGEU recovery programme and the landscape for borrowing in the region. Other leading issuers, investors and intermediaries also discuss the challenges and opportunities the new world of European sovereign debt presents to traditional SSA issuers from the region.
Register to attend here.