German parliament passes debt rule reform, half-trillion euro fund

Reuters

Summary

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German lawmakers gave the green light Tuesday for a colossal spending boost for defence and infrastructure pushed by chancellor-in-waiting Friedrich Merz amid deep fears in Europe over the future strength of the transatlantic alliance.
International Business Times AU
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Germany’s parliament has approved plans for a massive spending surge, throwing off decades of fiscal conservatism in hopes of reviving economic growth and scaling up military spending for a new era of European collective defence.
Aljazeera
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The swiftly drawn-up plans, which represent a radical departure for a country traditionally reluctant to take on large amounts of debt or to spend heavily on the military, were passed with 513 votes in favor and 207 against.
Le Monde
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The approval in the Bundestag gives chancellor-in-waiting Friedrich Merz a windfall of hundreds of billions of euros to ramp up investment after two years of economic contraction.
Global News

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