German parliament suspends debt limits again to allow more borrowing in 2021

German lawmakers on Tuesday suspended debt limits in the constitution again to allow the government net new borrowing of up to 180 billion euros ($218.14 billion) in 2021 to finance more measures to shield Europe's largest economy from the COVID-19 pandemic.

The debt figure is the second-highest in post-war Germany and comes after the Bundestag lower house of parliament this year suspended the debt brake to allow net new borrowing of up to 218 billion euros in 2020. ($1 = 0.8252 euros)

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