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Investing.com -- Germany’s Alternative for Germany (AfD) party is planning to file a complaint with the constitutional court over newly proposed debt plans, according to a senior AfD lawmaker cited by the Rheinische Post newspaper.
The complaint is expected to be filed next week.
The potential next chancellor of Germany, conservative leader Friedrich Merz, in collaboration with the Social Democrats (SPD), is planning a significant shift in fiscal policy. The new plan involves raising new debt and abandoning restrictive borrowing rules currently in place.
Merz and the SPD are proposing the creation of a €500 billion ($542 billion) infrastructure fund. In addition, they aim to eliminate the constitutional limits on borrowing, known as the ’debt brake’, in the outgoing parliament.
However, the AfD has strongly criticized these proposed changes, labeling them as an "orgy of debt". The party questions the legitimacy of the outgoing parliament to make such significant decisions.
The Left party, another political group in Germany, has also expressed concerns and threatened to take legal action.
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