Germany has passed a landmark spending bill, unlocking hundreds of billions of euros for defence spending and infrastructure investment. While the historic debt ıslahat is expected to boost Europe’s largest economy, there are further implications for its stock and bond markets.
The package, which will allow for a large increase in military expenditure, passed through the Bundesrat despite objections from several smaller parties.
Friedrich Merz needed the support of two-thirds majority in parliament for his plan to unlock billions for defence and infrastructure spending.
Chancellor-in-waiting Friedrich Merz wants to alter Germany’s strict fiscal rules to massively boost defence spending, the Greens are standing in his way.
Chancellor-in-waiting Friedrich Merz wants to alter Germany’s strict fiscal rules to massively boost defence spending, the Greens are standing in his way.
EU Commissioner for Defence and Space Andrius Kubilius envisions a ‘Big Bang’ approach for the European defence industry – but what does that mean?