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German Green Party Rejects Abolishment of Debt Brake

At their Wiesbaden conference, the Greens opted for reform over abolition of the constitutional debt brake.

Overview

  • The Green Party voted against a proposal to abolish the debt brake, instead advocating for its reform to allow more state borrowing for investments.
  • Felix Banaszak, the newly elected co-leader, opposed the abolition, emphasizing the need for strategic reform to secure future investments.
  • The party proposed a 400-billion-euro investment package for infrastructure, aligning with their call for the 'Golden Rule' to permit borrowing equal to investments.
  • In migration policy, the Greens agreed on a resolution promoting humanitarian and rational approaches, rejecting right-wing populist narratives.
  • Despite internal debates, the party maintained unity by rejecting extreme amendments from the Green Youth, focusing on feasible policy changes.

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