German parliament debates borrowing bonanza as clock ticks down
BERLIN - Germany's outgoing lower house of parliament began a special session on Thursday to debate a 500 billion euro fund for infrastructure and sweeping changes to borrowing rules in Europe's largest economy to bolster defence.
But the financial package is not a done deal, with Merz's conservatives and his likely future coalition partner, the Social Democrats , needing to win over the Greens to secure the two-thirds majority required to change the constitution. The Greens want more assurance that the conservatives and SPD will not use the windfall from the infrastructure fund on policies that pander to their vote base, an accusation Merz has previously batted away.
Germany's likely next chancellor says boosting defence has taken on a new urgency due to the prospect of the United States, the country's longtime security ally, disengaging from Europe under the administration of President Donald Trump. But while the fate of Merz's plans remains uncertain, they prompted Germany's IfW economic institute on Thursday to raise its 2026 growth estimate for Germany, anticipating tailwinds from a public spending boost.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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