Germany's incoming chancellor, Friedrich Merz, has announced a coalition agreement with the Greens to significantly increase defense and infrastructure spending. The plan involves exempting defense spending from constitutional debt rules when exceeding one percent of GDP and establishing a €500 billion fund for infrastructure. This strategic move is in response to strained Europe-US relations and increasing threats from Russia. Merz assured that €100 billion of the fund will focus on climate protection to meet the Greens' environmental concerns, emphasizing the urgency for stronger national defense amid current geopolitical tensions.
Alarming situation" On Thursday Merz had urged a quick agreement on the issue during a fiery parliamentary debate. When it came to the armed forces in particular, "any further delay" in boosting spending "would be irresponsible".
This funding comes amid growing concerns about security in Europe and the need for Germany to reduce its dependency on the US for military support.
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