This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact The Epoch Times Reprints.
German Chancellor-designate Friedrich Merz speaks to reporters after he reached an agreement with the Greens on a massive increase in state borrowing just days ahead of a parliamentary vote next week, in Berlin on March 14, 2025. Axel Schmidt/Reuters
Germany’s outgoing parliament approved legislation on March 18 to amend strict fiscal rules, increase government borrowing, and fund a massive surge in defense and infrastructure spending.
The package allows the government to borrow beyond normal debt limits for defense and security spending as well as assistance to Ukraine, worth more than 1 percent of gross domestic product.
