Friedrich Merz announced a groundbreaking deal with the Green Party to significantly expand Germany's government spending on defense, infrastructure, and climate initiatives. This agreement, reached after extensive negotiations, allows Germany to bypass its constitutional borrowing limits for military expenditure and is seen as a response to the shifting security landscape in Europe following President Trump's actions. Additionally, the deal prioritizes domestic spending, including a substantial 500 billion euro fund for infrastructure repairs and a 100 billion euro fund addressing climate change, crucial for gaining support from coalition partners.
The deal allows Germany to lift limits on government borrowing for military spending, enabling extensive new investments in defense and infrastructure.
We are making a major contribution to defending freedom and peace in Europe, highlighting Germany's commitment to European security amid changing global dynamics.
The agreement also includes a significant investment in infrastructure and climate change, responding to the demands of coalition partners like the Greens and Social Democrats.
This marks a notable shift in German fiscal policy, addressing urgent needs in defense while also focusing on domestic priorities for economic revival.
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