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The German government’s influential panel of economic advisors has spoken out in favour of reforms to the country’s strict limits on government deficit spending known as the “debt brake.” The rules, which were added to Germany’s constitution in 2009, are too strict and inflexible, Monika Schnitzer, chairwoman of the German Council of Economic Experts, told dpa. The policy advisors, who are known in Germany as “the wise men,” are proposing changes to the debt brake rules that would give the German government several billion dollars of extra credit leeway each year. As currently written, the rul…

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