German parties strike deal to pass historic debt-funded investment package
- Germany's two main centrist parties, the Christian Democrats and the Social Democrats , reached a deal with the Greens for a significant infrastructure and defense spending package, marking a shift in fiscal policy.
- The agreement allows spending of up to €1 trillion over the next decade, with a special fund of €500 billion for infrastructure projects outside the normal budget.
- CDU leader Friedrich Merz stated that the deal was an "acceptable, good result" and included a €100 billion allocation for climate projects.
- The coalition will require a two-thirds majority in the Bundestag and may seek support from other parties due to recent election losses.
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1000 billion for weapons, rails and bridges – can Germany afford that?
In Germany, the future coalitionists CDU/CSU and SPD have agreed with the Greens on the elimination of the debt brake. Up to 1000 billion euros could flow in armor and infrastructure over the next ten years.
·Vienna, Austria
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Total News Sources159
Leaning Left19Leaning Right20Center13Last UpdatedBias Distribution38% Right
Bias Distribution
- 38% of the sources lean Right
38% Right
L 37%
C 25%
R 38%
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