德国深陷债务漩涡：预算缺口持续上升，债务占GDP比率或称超警戒线！

Group 1 - Germany is deviating from its traditional fiscal discipline, with a projected budget gap increasing from €144 billion to €150 billion by 2029 due to unplanned expenditures [1] - The current debt trajectory is concerning, with net new debt expected to reach 3.2% of GDP by 2025, significantly exceeding traditional fiscal discipline standards [2] - Public debt as a percentage of GDP is currently at 63%, but could exceed 90% by the end of the decade if the government's €1 trillion debt plan is considered [3] Group 2 - The German welfare system is facing an unprecedented fiscal crisis, with a projected deficit of over €55 billion by 2025, driven by rising healthcare and pension costs [4] - Despite increasing tax revenues, the gap between government spending and actual tax income is widening, necessitating structural reforms to avoid a collapse [4] - The government is at a critical juncture, as fiscal crises often occur without warning, leading to a situation where it can no longer finance itself through capital markets [5]