Germany is poised to vote on a significant debt package in the Bundesrat, which focuses on funding defense, infrastructure, and climate initiatives. This package, championed by likely future Chancellor Friedrich Merz and supported by state coalitions, is seen as a crucial move to revitalize projects that will boost GDP. Additionally, Germany has moved up in the World Happiness Report, now ranking 22nd globally, slightly improving from last year. Meanwhile, the EU has opted to delay imposing retaliatory tariffs on US goods amid ongoing trade negotiations.
The historic debt package for Germany will be voted in the Bundesrat, likely simplifying funding for defense, climate protection, and infrastructure projects.
Germany's position in the World Happiness Report has improved, ranking 22nd and surpassing the US, which has fallen to 24th.
With a projected approval in the Bundesrat, the future German government is expected to initiate significant federal projects that could boost the economy.
EU has decided to delay retaliatory tariffs against the US, marking a pause in ongoing trade tensions.
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