Daniel Garrahan
Directing
Biography
Daniel is a Director, Producer, and Editor who has worked with Financial Times (FT).
Known For
For decades Germany was allergic to debt. But new chancellor Friedrich Merz has - unexpectedly - loosened the country’s constitutional debt brake, injecting hundreds of billions of euros into the armed forces and infrastructure. The move, he hopes, will revive Europe’s largest economy and build up its military as Donald Trump’s US administration dismantles the transatlantic relations that underpinned Germany’s postwar recovery. The FT travels to Frankfurt and Berlin to examine why investment in crumbling schools, roads and rail infrastructure - and defence - is needed and to ask if the spending gamble will kickstart Germany's economic engine.
Germany’s Spending Gamble
Developed economies around the world are loaded up with debt. That was less of a problem in the era of free money but inflationary pressures are back and structurally-higher interest rates mean debt is more expensive to issue and service. This film examines what some are calling the biggest issue in global finance today, the role of the 'bond vigilantes', and whether government borrowing could spiral out of control.
The Debt Addiction
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