What is Germany's 'debt brake?' In Germany, the federal government and the 16 states (Länder) are obliged to balance their budgets and are practically prohibited from taking out extra loans. No other G7 country has such strict limits on new borrowing.

Germany's centre-right CDU/CSU bloc has won national elections by a large margin, with all constituencies counted, paving the way for leader Friedrich Merz to be the next chancellor, as could be seen on the website of the federal returning officer.

The conservative CDU/CSU party has won the parliamentary elections in Germany. The leader of the formation, Friedrich Merz, is the main candidate for chancellor. During the campaign, the future head of the German government expressed support for closing the borders.