Germany's debt warning sparks fiscal alarm

Germany's Federal Court of Auditors has issued a stark warning about the country's public finances, projecting debt could reach 2.7 trillion euros by 2029. President Kay Scheller stated that Germany's finances are at risk of becoming unbalanced and called for a consistent turnaround toward more spending discipline and structural reforms. The warning comes in a current statement on budget planning up to 2030, highlighting concerns over fiscal sustainability. This development underscores growing economic pressures in Europe's largest economy amid broader global uncertainties.