Germany's Bundesrat has approved a significant bill to unlock €500 billion for military and infrastructure projects, allowing enhanced military spending. This legislation, passed with a two-thirds majority, signals a notable reform in Germany's fiscal policy and is championed by Friedrich Merz of the CDU. The urgency to approve this package is attributed to fears of opposition from leftist parties in the upcoming parliament. Those against the bill, including some junior coalition partners, expressed concerns yet ultimately supported the measure, highlighting a collective interest in managing the funds effectively.
The Bundesrat vote went in favor with 53 out of 69 votes, providing a critical boost for increased military spending and significant infrastructural reform.
With the package approved, Chancellor-in-waiting Friedrich Merz pushes to finalize military spending reforms before the next parliament convenes on March 25.
Collection
[
|
...
]