Chancellor Helge Brown has sparked intense political controversy with his proposal to postpone the debt brake for a few years to address the coronavirus crisis.
The Christian Democrat (CDU) politician suggested in an article in the financial newspaper "Handelsblatt" today, that due to the coronavirus pandemic, the possibility of limited new borrowing for a few years should remain and then the debt restricted in the German Constitution, .
Rolf Brinkhaus, the leader of the parliamentary group of the two sister Conservative parties, the Christian Democratic Union (CDU) and the Christian Social Union (CSU), described Brown's proposal as an expression of personal opinion and not a majority position of the two parties. The new president of the Christian Democratic Party, Armin Lasset, also confirmed that he is in favor of maintaining the debt brake.
Social Democrat (SPD) Finance Minister Olaf Solz, on the other hand, said he was open to the issue, noting that Brown had adopted a proposal by the Council of Experts to assess overall economic growth.
The Greens (Die Gruenen) agreed with Brown's proposal. The head of their parliamentary group, Catherine Goering-Eckard, even told the newspapers of the Funke Journalist Group that the (constitutional) debt brake must be supplemented on a permanent basis (and) with an investment rule.
Instead, Liberal Party (FDP) leader Christian Lindner spoke of "capitulating fiscal policy" and said his parliamentary group had called for a debate in the federal parliament (Bundestag) on the issue.