Germany has traditionally had a political culture that was debt-averse, mainly because where in other countries the parliamentary left was Keynesian, the SPD fa

Germany has traditionally had a political culture that was debt-averse, mainly because where in other countries the parliamentary left was Keynesian, the SPD favoured Ordoliberalism [1]. This resulted in the infamous constitutional amendment that governments had to balance every budget. I think, though, that this is now beginning to be seen as a mistake and the attitude to debt is thawing. The requirement to balance public spending was suspended for the Covid measures: I think this would not have happened before the Eurozone crisis. I'm talking about 'elite' opinion, where you are talking about public and business opinion, but I am guessing that the changes will spread if the Covid measures are seen as a success, which if the comparison is made to the US they are very likely to be. [1]: https://en.wikipedia.org/wiki/Ordoliberalism https://en.wikipedia.org/wiki/Ordoliberalism