Morning Briefing Plus: A dramatic warning on 458 pages
The economic experts foresee a sovereign debt crisis and make sensible proposals to avoid it. Unfortunately, the coalition's budget sends a completely different message.
The German government's coalition has received its annual economic report from the so-called Wirtschaftsweisen, or economic experts. The report, which spans 458 pages, warns of a potential state debt crisis and offers concrete proposals to prevent it. Despite the significance of the report, particularly given the country's record debt, the government's reaction was muted, with Chancellor Olaf Scholz briefly acknowledging the experts' assessments.
The head of the expert panel, Monika Schnitzer, had expressed low expectations for the Chancellor's response to their proposals.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
