Deutschland reicht keinen Schuldenabbauplan in Brüssel ein

Handelsblatt reports that Germany has failed to submit its debt reduction plan to the EU Commission, a requirement under the new fiscal rules, due to delays caused by the collapse of its coalition government. While Finance Minister Jörg Kukies assures compliance and expects the EU to grant an extension, law professor at HEC Paris Business School Armin Steinbach argues that this undermines Germany’s credibility.