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

German Chancellor-in-waiting Friedrich Merz reached an agreement with the Greens for a debt-funded investment package of 500 billion euros, aimed at infrastructural and climate improvements, ahead of a parliamentary vote next week.
Germany plans to allocate 3 billion euros in military aid for Ukraine's defense against Russia's invasion, pending parliamentary approval.
Germany's states will receive an additional 16 billion euros to spend, as they will be permitted a structural deficit of 0.35% of GDP, along with the 100 billion euros from the infrastructure fund.
Despite challenges, analysts predict the reforms will pass with a two-thirds majority, marking the largest fiscal expansion since German reunification.

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BBC News

Germany is back, says Merz after historic deal on defence and spending

Germany's conservative leader clinches an major financial agreement ahead of a crunch vote in parliament.

9 hours ago·United Kingdom

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Irish Times

Bundesbank warns incoming chancellor Merz of costs of runaway borrowing

Greens agree to back €1 trillion investment plan

10 hours ago·Dublin, Ireland

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La Repubblica

Berlin, historic agreement: yes by the Greens, the big package for rearmament and the economy will pass

Environmentalists, initially opposed, have obtained that part of the money will go to the Fund for Climate and Transition. Merz: 'Germany is back'

10 hours ago·Turin, Italy

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Deutschlandfunk

Defence and Infrastructure - Union, SPD and Greens agree on debt package

Union and SPD agreed with the Greens on the planned debt package. It is about billions spent on defence and infrastructure. CDU chairman Merz presented details of the agreement in Berlin. Green faction leader Dröge was satisfied. Criticism comes from AfD and Left Party.

10 hours ago·Germany

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Kyiv Post

Merz and Greens Forge €1 Trillion Defense and Infrastructure Pact

The deal marks a significant shift from decades of fiscal restraint in Berlin, aiming to boost defense spending amid growing security concerns in Europe and jumpstart Germany’s economy.

10 hours ago·Kyiv, Ukraine

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