Buba says Merkel's budget may be unconstitutional

Angela Merkel, who was sworn in as German Chancellor on Tuesday 22 November, plans to ignore constitutional rules in running up record borrowing next year, the Bundesbank said in its November monthly report.

Merkel said last week that she would prefer to raise net borrowing next year rather than taxes to help the economy.

But her move to violate a 56-year-old budget rule that forbids her from borrowing more than she plans to invest may cause difficulties, the German central bank said in its

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: