US EditionGerman parliament passes historic debt reform, paving the way for higher defense spend
- Germany's parliament approved plans to loosen strict debt rules for higher defense spending, with a vote of 513 in favor and 207 against.
- The plans will create a 500 billion-euro fund for infrastructure and defense, exempting defense spending from the debt rules.
- Lars Klingbeil, co-leader of the Social Democrats, emphasized the need for stronger European security amid threats from Russia.
- Tino Chrupalla from the Alternative for Germany criticized these spending plans, claiming Friedrich Merz has lost credibility with voters.
349 Articles
349 Articles
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It’s time to shift gears from "Buy Canadian" to "Save Canada." This citizen-driven wartime funding effort worked before, and it can work again, Armine Yalnizyan writes.
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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