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ECB's Nagel Endorses Raising Borrowing Maximum to 1.4% of GDP in German Debt Brake Reform

ECB's Nagel Endorses Raising Borrowing Maximum to 1.4% of GDP in German Debt Brake Reform

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel in his capacity as president of the Deutsche Bundesbank has endorsed a proposal to increase the German government’s borrowing limit to a maximum of 1.4% of GDP from the current 0.35% level, according to a Bundesbank announcement on Tuesday.

4 March 2025