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[email protected]English • 2 days ago

Germany’s Merz strikes debt deal to fund defence and infrastructure

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Germany’s Merz strikes debt deal to fund defence and infrastructure

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[email protected]English • 2 days ago

Chancellor-to-be moves to relax debt brake in ‘sea change’ from country’s conservative approach to borrowing

Archive: https://archive.is/20250304200800/https://www.ft.com/content/316ef73e-cf54-4d38-af5b-7166c684a13a

A provision would exempt defence spending above 1 per cent of GDP from the debt brake rules, allowing Germany to boost spending on its armed forces by an unlimited amount at a time when Europe faces the prospect of losing US guarantees that have underpinned its security since Donald Trump began his second presidential term.

The future coalition partners will introduce another constitutional amendment to set up a €500bn fund for infrastructure, which would run over 10 years. They are also planning to loosen debt rules for states.

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2 days ago
What kind of “infrastructure”? I surely hope they mean affordable housing + renewable energy and not more highways. But who am I kidding? More highways it will be with the CDU 🤦‍♂️

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