The Chancellor-in-waiting, Friedrich Merz, got a vote of confidence ahead of his term as parliament has changed the constitution in order to dramatically expand defense spending. The change involved removing the cap on debt the nation could accrue to pay for defense. The spending bill itself passed with a 512 out of 733 vote majority.
Germany’s Landmark Spending Spree Wins Parliamentary Backing – Bloomberg
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German lawmakers passed a landmark spending package, taking a major step toward unlocking hundreds of billions of euros in debt financing for defense and infrastructure and heralding the end of decades of budget austerity.
The controversial legislation — pushed by conservative Chancellor-in-waiting Friedrich Merz — was approved Tuesday in the lower house of parliament with 512 votes out of a total of 733, comfortably clearing the two-thirds threshold required for changes to the country’s constitutional borrowing rules.
