On 18 March 2025, the 20th German Bundestag approved the constitutional amendment bill (20/15096) submitted by the SPD and CDU/CSU. In the future, expenditures for defense and certain security-related spending above a certain threshold will no longer count toward the debt rule stipulated in German Basic Law. Additionally, the constitution is to be amended to allow for the creation of a special fund amounting to 500 billion euros for additional investments in infrastructure and climate protection.
What impact could this decision have on the German economy, the market for German government bonds, and Germany as a financial center?
The Centre for Central Banking at the Frankfurt School and the Bankenverband Mitte cordially invite you to a moderated panel discussion with experts and decision-makers from politics, academia, and institutions at the Frankfurt School of Finance & Management, where these questions will be explored.
In addition to Finance Minister Lorz, the panel will include senior representatives from the German Finance Agency, academia, and the private sector.
Jens Weidmann, former President of the German Bundesbank and Professor of Practice in Central Banking at the Frankfurt School, will open the event. Sarah Schmidtke, Managing Director of the Banking Association Central Region, will moderate the discussion.
Following the panel, you are warmly invited to continue the conversation during an informal networking reception.
