© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

Bundestag prepares to vote on historic borrowing package in key test for Merz

Likely next chancellor needs two-thirds majority to back €500bn infrastructure fund and relaxation of debt rules

Germany’s likely next chancellor is to face a key vote on plans to unlock a record level of state borrowing, which he argues is necessary to boost the country’s military spending and inject growth into its ailing economy.

Ahead of the crucial Bundestag vote on Tuesday, Friedrich Merz has faced a barrage of complaints from the opposition and from within his own ranks that he is not coupling the historic levels of spending planned – as much as €1tn (£840bn) – to demands for reform.

Continue reading…

Related posts

Starmer’s EU reset triggers outbreak of Brexit derangement syndrome | John Crace

AEA3

Hosepipe ban for millions more in England ahead of drought ruling

AEA3

US-led meeting to set out framework for Taliban cooperation

AEA3

Pin It on Pinterest

Share This