Germany's Bundesrat has approved a significant spending package aimed at defense, infrastructure, and climate protection, following a constitutional amendment to exempt defense spending from the debt brake. This reform follows a vote in the Bundestag that included a 100 billion euro climate investment commitment, crucial to gaining support from the Greens. The initiative faced potential delays due to opposition from far-left and far-right lawmakers but was pushed through by the CDU and SPD coalition, aiming to establish a government by April.
Germany's second chamber of parliament, the Bundesrat, voted in favor of a massive spending package aimed at boosting defense, infrastructure, and climate protection.
The debt reform plan exempts defense spending from Germany's "debt brake," allowing for unprecedented levels of government borrowing.
Collection
[
|
...
]