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in Germany, the contenders for the Chancellery are struggling to decide

DECRYPTION – Two months before the federal election, the CDU, the SPD and the Greens presented their electoral program displaying very different budgetary priorities.

The definition of two ratios, measured against national wealth, could determine the outcome of the German electoral campaign. Under the constitutional rule of the debt brake, the first limits the volume of borrowing tolerated each year to 0.35% of GDP. Defined as a guideline by NATO member states, the second requires each of them to devote at least 2% of their GDP to defense spending. With the following question in mind: how to equip a Bundeswehr in a state of scarcity and arm Ukraine, while suppressing the deficits?

It is around this equation that the three main parties likely to govern after the elections of February 23 revolved on Tuesday. Each in turn, the Greens of Robert Habeck, the CDU of Friedrich Merz then the SPD of Olaf Scholz presented their program focusing largely on economic and defense issues. All three provide answers…

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