InfoAfrik.com

Reliable Africa & Global 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…

About Author

Subscribe To Our Newsletter