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

Germany's 'neglected' military set for new era after historic spending plan approved

The country's military is ageing and shrinking, according to a report, and supporters hope the relaxation of borrowing rules will be the cash injection the armed forces need.

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

The conservative German leader of the CDU, Friedrich Merz, has come forward to become the next chancellor, seems determined to reform the rules limiting the use of the deficit and to create a special fund of 500 billion dedicated to industrial and infrastructure investments to get the first European power out of the recession. This is expected to benefit many French values such as Vinci, Eiffage, Spie and also Alstom.

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

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

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

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. […]