focus on changing its priorities rather than tweaking its fiscal rules, according to Henning Gebhardt, partner and fund manager at Hollyhedge Consult. His comments come shortly after Reuters reported German Chancellor Olaf Scholz is set on Wednesday to submit a request to parliament to hold a vote of confidence. The move is considered a procedural step that will ultimately pave the way to new elections following the collapse of the traffic light coalition government last month. The new German government needs to change their priorities instead of their rules, says fund managerwatch now VIDEO02:28 New German government needs to change priorities instead of their rules: fund manager Hollyhedge Consult’s Gebhardt said he doubted the next German government’s ability to push for more expansionary fiscal policy post-election, referring to speculation over whether lawmakers could seek to reform the country’s debt brake, or Schuldenbremse. “It’s very, very hard to actually change it. In the constitution, you need a two-thirds majority, and we don’t know what actually happens in the next election. It can be very tight so maybe you don’t get this two-thirds majority,” Gebhardt told CNBC’s “Street Signs Europe” on Wednesday. “It has to be changed because obviously it hinders infrastructure investments … but probably the new government has to look at their budget and change the budget. So, we are in a different kind of phase where we have to change priorities,” he added. Asked whether this meant the new government should change its priorities rather than its fiscal rules, Gebhardt replied: “Absolutely.” — Sam Meredith