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German Budget Fixes Amidst Crisis
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Germany's ruling coalition approves a supplementary budget to temporarily lift a self-imposed cap on borrowing, allowing for an extra 45 billion euros in borrowing to combat a crisis. The court ruling has sparked concerns about growth and industry exodus, prompting calls for funding for climate projects and borrowing rule overhaul.
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How might the calls for funding for climate projects and borrowing rule overhaul influence Germany's economy and global position?
How might the suspension of the debt brake impact Germany's long-term fiscal policy and borrowing capacity?
What are the potential implications of the court ruling on Germany's traditional fiscal policy and industry competitiveness?
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