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Germany's upper house clears historic defence spending bill

Euronews

Summary

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Germany's upper house of parliament on Friday passed a reform of the country's borrowing rules and a 500-billion-euro ($542 billion) fund to revamp its infrastructure and revive Europe's largest economy.
CNBC
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The constitutional amendment to loosen the so-called debt brake also allows for de-facto unlimited spending on defence and security.
Reuters
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German parliament has paved the way for record loans to strengthen the Bundeswehr, infrastructure and climate protection.
Deutsche Welle
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This paves the way for over one trillion euros (dollars) worth of outlays in Europe's top economy, which has shrunk for the past two years.
International Business Times

■ Story #1053 ▪

issue 88:88 ▪

52 items ▪

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updated 88:88

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