German parliament to debate radical borrowing rule changes to boost defence
Election winner Friedrich Merz also trying to seal €500bn fund to revive economy before new parliament convenesGermany’s outgoing parliament is meeting on Thursday to debate the creation of a €500bn fund for infrastructure investment and radical changes in the country’s borrowing limits in order to boost defence spending.Friedrich Merz, whose conservatives won last month’s election and who is on the verge of becoming the new chancellor, wants to seal the funding deal before the new parliament convenes in less than two weeks. An expanded group of far-right and far-left MPs could oppose it in the new Bundestag, a so-called “blocking minority” Merz is keen to avoid. Continue reading...
admin
0
0
Election winner Friedrich Merz also trying to seal €500bn fund to revive economy before new parliament convenes
Germany’s outgoing parliament is meeting on Thursday to debate the creation of a €500bn fund for infrastructure investment and radical changes in the country’s borrowing limits in order to boost defence spending.
Friedrich Merz, whose conservatives won last month’s election and who is on the verge of becoming the new chancellor, wants to seal the funding deal before the new parliament convenes in less than two weeks. An expanded group of far-right and far-left MPs could oppose it in the new Bundestag, a so-called “blocking minority” Merz is keen to avoid. Continue reading...
