Germany's Bundestag approves constitutional amendment to loosen debt brake
BERLIN -- Germany's Bundestag, the lower house of parliament, on Tuesday approved a major constitutional amendment to loosen the country's strict "debt brake" policy, paving the way for increased spending on defense, infrastructure, and climate neutrality.
The lower house of the German Parliament voted to bankroll a massive militarization plan as a backstop against Russian aggression.
DPA International on MSN18h
German parties confident of majority for massive spending packageThe three German parties behind a massive €500 billion ($547 billion) infrastructure investment package and measures to increase defence spending in Europe's largest economy say they've got the votes ...
France 24 on MSN5h
German MPs approve fiscal 'bazooka' for defenceThe unprecedented fiscal package — dubbed "XXL-sized" and a cash "bazooka" by German media — could pave the way for more than ...
Responsible Statecraft on MSN9h
Germany moves to amend constitution to get on war footingEU Commission President Ursula von der Leyen commented that the vote “sends a very clear message to Europe that Germany is determined to invest massively in defense." The vote comes amid pressure from ...
Three-party alliance backs borrowing package of €500 billion for infrastructure projects and an effective blank cheque for ...
Germany's outgoing Chancellor Olaf Scholz has hailed a multi-billion-euro spending package that passed the Bundestag on ...
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German lawmakers have reached an agreement to exempt some defense spending from the nation’s tight rules on running up debt.
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