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  5. Germany's Parties Agree on Debt Deal to Loosen Limit and Expand Defense Spending

Germany's Parties Agree on Debt Deal to Loosen Limit and Expand Defense Spending

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The agreement between the CDU/CSU bloc, the Social Democrats, and the Greens includes exempting defense spending and aid to Ukraine from the constitutional debt brake, creating a €500 billion special fund for infrastructure investment outside the regular budget, and allocating €100 billion for unspecified purposes.

  1. DE
    Friedrich Merz
    Christian Democratic Union
    1. There will be no shortage of financial resources to defend freedom and peace on our continent.
    2. It is a clear message to our partners and friends, but also to our opponents, to the enemies of our freedom: we are capable of defending ourselves and we are now fully prepared to defend ourselves.
    3. Germany is making its major contribution to the defense of freedom and peace in Europe.
  2. DE
    Lars Klingbeil
    Social Democratic Party
    1. Greater security, new growth and good jobs, better infrastructure and more climate protection — all of this can be tackled with full vigour.
    2. We have laid the foundation for Germany to get back on its feet and protect itself.

German Debt Deal

  1. German Lawmakers Approve Massive Spending Package to Boost Defense and Infrastructure

sources

  1. 1.DW News
  2. 2.The Times
  3. 3.The Times of India

perspectives

  1. 1.Russia-Ukraine War
  2. 2.British Foreign Policy
  3. 3.German Foreign Policy
  4. 4.French Foreign Policy
  5. 5.European Commission under Ursula von der Leyen
  6. 6.European defense
  7. 7.Multilateralism
  8. 8.European Energy Market
  9. 9.Scholz Coalition in Germany
  10. 10.German Economy

countries

  1. 1.GermanyDE
  2. 2.Russian FederationRU
  3. 3.UkraineUA
  4. 4.United StatesUS

organizations

  1. 1.Green Party
  2. 2.Bundestag
  3. 3.Social Democratic Party
  4. 4.Alternative for GermanyDE
  5. 5.Christian Democratic Union
  6. 6.Christian Social Union
  7. 7.Free Democratic PartyDE

persons

  1. 1.Friedrich MerzDE
  2. 2.Katharina DrögeDE
  3. 3.Lars KlingbeilDE
  4. 4.Olaf ScholzDE
  5. 5.Donald TrumpUS
  6. 6.Kieran Burke
Germany's Parties Agree on Debt Deal to Loosen Limit and Expand Defense Spending