La fenomenologia 'antisociale' del costituzionalismo dell’equilibrio finanziario. Riflessioni comparate a margine della revisione dello "Schuldenbremse"

The March 2025 revision of the "Schuldenbremse" marks what may plausibly become a new European era of borrowing - primarily for defense and, to a lesser extent, for climate adaptation. While the German position rests on the assumption that the expansive effects of these investments will preserve compliance with European budgetary parameters, such confidence invites suspicion that future debt disequilibria may be offset through reductions in social spending. In this respect, the parallel with the sovereign debt crisis era exposes a telling asymmetry: the same exemption was never applied in reverse. Remilitarization thus projects geopolitical stability as the (re)opening of yet another front of financial conditionality in welfare governance. However, the political nature of rearmament – contrasted with the technocratic austerity of fiscal consolidation – suggests that the social principle may exhibit greater resilience within the forecasted rearmament jurisprudence.