German parties agree on historic debt overhaul to revamp military and economy

Firstpost News

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Chancellor-elect Merz’s public spending deal sees German borrowing costs soar highest since 1997

The surge followed an agreement led by Chancellor-in-waiting Friedrich Merz that would largely exempt defence spending from Germany’s strict debt limits and create a €500 billion ($540 billion) special fund for infrastructure over the next decade

ilgiornale.it

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The taboo of indebtedness is ending. And even China is making more use of loans to grow

Financial Times

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Germany’s ‘whatever-it-takes’ spending push to end years of stagnation

Europe’s largest economy could return to pre-pandemic growth trend

The Rio Times

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Germany to Overhaul Fiscal Rules, Unleashing Billions for Defense and Infrastructure

Friedrich Merz, Germany’s incoming chancellor, announced a historic fiscal reform that will exempt defense spending above 1% of GDP from the country’s stringent “debt brake.” This move, agreed upon by Merz’s Christian Democratic Union (CDU), its Bavarian sister party (CSU), and the Social Democrats (SPD), aims to modernize Germany’s military and revitalize its stagnating economy. […]

France24

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Germany's Merz proposes overhaul of debt-brake system to boost defence, infrastructure spending

Germany's political parties hoping to form the next government have agreed to loosen the country's strict "debt brake" system which constitutionally limits new government borrowing to 0.35% of GDP.  Conservative leader Friedrich Merz says extraordinary efforts are needed to boost the country's defence capabilities given the current security uncertainty. Plus, a day after imposing 25% tariffs on imports from Canada and Mexico, Donald Trump has ag…

The Globe & Mail

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Germany to scrap debt brake that helped to turn the country into an economic zombie. Trump gave the country no choice

The debt brake was a nice idea when it was introduces in 2009, but if there was ever a time for Germany to use debt spending to boost its economy, this is it