Great chart by @davideoneglia.bsky.social on the scale of DE's fiscal watershed! Now, focus on reforms to ensure the money gets spent, a coalition treaty that directs it to the right priorities, and—whispering in my best technocratic monotone—figuring out how to square this with EU fiscal rules.

Annual government spending due to the new German fiscal package will be larger than the spending that came with the post-WWII Marshall Plan and with German Reunification in the early 1990s. via @davideoneglia.bsky.social

Welcome to debt brake d-day. Germany is quick to adjust to the new global order and is doing so in force. @davideoneglia.bsky.social shows the package outstrips the spending booms that came with the postwar Marshall Plan and with German Reunification in the early 1990s.