Wieland argues that almost all EU member states undertook to introduce a fiscal rule, preferably in the national constitution. In Germany, the Fiscal Pact is implemented by the debt brake. Therefore, it is not possible to simple abolish the debt brake, Wieland warns.
Moreover, he argues that public investments having increased during recent years. However, funds were not called upon because of cumbersome application procedures or lengthy approval processes and massive local resistance.
Rheinische Post: "Sollte die Schuldenbremse aufgeweicht werden?" (€)