Germany has the financial flexibility to increase spending in order to support its struggling economy, according to Luis de Guindos, Vice President of the European Central Bank.

Guindos emphasized that this advantage sets Germany apart from other European countries, giving it a significant edge going forward. He pointed out that Germany"s current fiscal space allows for the implementation of measures that can stimulate economic growth, which is in contrast to other countries facing tighter budget constraints.

This ability to invest in economic support is considered a crucial factor in navigating the current economic challenges.