The German chancellor-in-waiting, Friedrich Merz, has won a vote in parliament to allow a huge increase in state borrowing that is set to super-charge the country’s military spending.
An incoming government wants to borrow much more to revamp the economy and rebuild the military. That means a change in the country’s Constitution — and its culture.
BERLIN - Germany's outgoing parliament on Tuesday passed a massive increase in government borrowing, including a sweeping change to the country's debt rules. Read more at straitstimes.com.
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Germany's second chamber of parliament, the Bundesrat, might throw a wrench in Friedrich Merz's debt brake reform. The chamber representing Germany's 16 states must approve all laws that affect states ...
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