The German Parliament has given its final approval to pave the way for a huge increase in defense and infrastructure borrowing.
On March 21, final plans were approved in a move seen as clearing the last hurdle so that the fiscally conservative country can amend strict constitutionally enshrined rules and borrow beyond normal debt limits.Germany’s outgoing parliament approved legislation on March 18, but it had to go to the Bundesrat, the upper house, which represents the governments of Germany’s 16 federal states.
