US EditionGerman parliament passes historic debt reform, paving the way for higher defense spend
- German lawmakers have approved a significant increase in defense and infrastructure spending, marking a change in fiscal policy.
- The approved law will exempt defense and security spending from strict debt rules and establish a €500 billion infrastructure fund.
- The measures require final approval from the Bundesrat, which must also achieve a two-thirds majority.
- Chancellor-Designate Friedrich Merz stated this vote is a key step toward a new European defense community.
349 Articles
349 Articles
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Germany has dealt 'death blow to the euro' - AfD leader
Eurozone stability is under threat due to Berlin's military spending boost and debt brake overhaul, Alice Weidel warns Berlin's move to overhaul its national debt rules in order to boost military spending has jeopardized the economic stability of the euro area, according to Alice Weidel, the co-leader of the Alternative for Germany (AfD) party. Her comments came shortly after the federal legislature approved the measure. On Tuesday, the Bundesta…
The territorial representative body has approved the constitutional reforms agreed by Conservatives, Social Democrats and the Greens to allow for a historic increase in defence spending and investments in infrastructure and climate protection The German Bundestag approves the plan to loosen the debt ceiling for rearmament and investment in infrastructure and climate The Upper House of the German Parliament, a territorial representative body, app…
The Bundestag has voted to put more money into the defense. The alarm mood is justified, says an expert.
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