Rheinmetall CEO expects Germany to scrap debt brake soon
DUESSELDORF, Nov 7 (Reuters) -Rheinmetall RHMG.DE CEO Armin Papperger expects Germany's debt brake to come to an end soon and security spending to be increased, he told analysts on a call on Thursday.
"At the end of the day, the pressure will be so high that there is no other option" than to suspend the brake, he said.
He also assumed that there would be the necessary majority in the Bundestag lower house of parliament to scrap the measure that restricts Germany's budget deficit to 0.35% of gross domestic product.
"We need this for investments," he said.
Reporting by Matthias Inverardi, Writing by Miranda Murray; editing by Matthias Williams
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