German parliament passes historic debt reform, paving the way for higher defense spend
- German lawmakers have approved a significant increase in defense and infrastructure spending, marking a change in fiscal policy.
- The approved law will exempt defense and security spending from strict debt rules and establish a €500 billion infrastructure fund.
- The measures require final approval from the Bundesrat, which must also achieve a two-thirds majority.
- Chancellor-Designate Friedrich Merz stated this vote is a key step toward a new European defense community.
350 Articles
350 Articles
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Constitutional reform to increase defense spending overcomes its last obstacle in the German Upper House
The territorial representative body has approved the constitutional reforms agreed by Conservatives, Social Democrats and the Greens to allow for a historic increase in defence spending and investments in infrastructure and climate protection The German Bundestag approves the plan to loosen the debt ceiling for rearmament and investment in infrastructure and climate The Upper House of the German Parliament, a territorial representative body, app…
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