U.S. markets closed
  • S&P 500

    3,821.35
    -20.59 (-0.54%)
     
  • Dow 30

    31,802.44
    +306.14 (+0.97%)
     
  • Nasdaq

    12,609.16
    -310.99 (-2.41%)
     
  • Russell 2000

    2,202.98
    +10.77 (+0.49%)
     
  • Crude Oil

    64.99
    -0.06 (-0.09%)
     
  • Gold

    1,682.00
    +4.00 (+0.24%)
     
  • Silver

    25.25
    -0.02 (-0.09%)
     
  • EUR/USD

    1.1855
    -0.0069 (-0.58%)
     
  • 10-Yr Bond

    1.5960
    +0.0420 (+2.70%)
     
  • GBP/USD

    1.3825
    -0.0003 (-0.02%)
     
  • USD/JPY

    108.9290
    +0.5470 (+0.50%)
     
  • BTC-USD

    51,971.48
    +1,532.60 (+3.04%)
     
  • CMC Crypto 200

    1,045.17
    +20.96 (+2.05%)
     
  • FTSE 100

    6,719.13
    +88.61 (+1.34%)
     
  • Nikkei 225

    28,743.25
    -121.07 (-0.42%)
     

German conservative leader: the debt brake must stay

·1 min read

BERLIN, Jan 26 (Reuters) - Germany's constitutionally-enshrined debt brake must remain in place, the new leader of Chancellor Angela Merkel's conservative party told his party's legislators, according to participants in the closed meeting.

Armin Laschet, who is a front-runner in the race to become Germany's next Chancellor, was referring to calls earlier in the day by senior Merkel lieutenant Helge Braun, who had suggested that the mechanism should be reformed due to the pandemic.

"The debt brake must stay," Laschet said, adding that his Christian Democrats were focused on achieving economic growth by means including deregulation. (Reporting by Andreas Rinke, Writing by Thomas Escritt, Editing by Michael Nienaber)