From hawk to offender: Berlin’s spending ‘offensive’ saps EU fiscal rule book

Germany, long a defender of EU fiscal rules, is now set to breach them with its €1tn stimulus plan, reports The Financial Times. Armin Steinbach, law professor at HEC Paris Business School, highlights the irony, noting that Germany’s past insistence on compliance fuelled European tensions during the debt crisis. The shift is sparking wider debate on whether the Stability and Growth Pact remains fit for the geopolitical age.