The man likely to be Germany’s next chancellor has found backing for a plan to spend hundreds of billions of euros on defense and infrastructure. Friedrich Merz, who leads the centre-right Christian Democrats, has convinced his likely coalition partners that the so-called ‘debt brake,’ which limits government borrowing, should be reformed. The parties want to change the constitution to allow a major increase in defense spending to be funded through borrowing.
Chapter Breakdown
0:00 Support for Merz’s plans to reform the debt brake
2:18 Veronika Grimm, German Council of Economic Experts, argues for a larger defense budget to spur economic growth
#debtbrake
#military #germany
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