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German parties strike deal to pass historic debt-funded investment package

  • German Chancellor Friedrich Merz agreed with the Greens on a debt-funded investment package of 500 billion euros to be voted on next week.
  • The plan includes 100 billion euros for climate, 300 billion euros for federal infrastructure, and allows states to run a small deficit.
  • Germany will provide Ukraine with 3 billion euros in military aid, pending approval from the upper house of parliament.
  • The proposed fiscal changes have raised concerns about proper allocation of funds for climate initiatives, according to Britta Hasselmann.
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profil.at broke the news in on Thursday, March 13, 2025.
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