Germany's conservatives, SPD agree debt brake reform proposal
Tweet
Share
E-mail
Friedrich Merz, Germany's chancellor-in-waiting and leader of the Christian Democratic Union party CDU, looks on, on the day they give a statement after coalition talks, in Berlin, Germany, March 4, 2025. REUTERS/Lisi Niesner
BERLIN (Reuters) - The conservatives and the Social Democrats (SPD) agreed to seek a loosening of Germany's debt brake to allow higher defence spending, and to propose the creation of a 500 billion euro infrastructure fund, their leaders said on Tuesday.
"We are aware of the scale of the tasks ahead of us, and we want to take the first necessary steps and decisions," Merz said.
(Reporting by Riham Alkousaa and Sarah Marsh, editing by Thomas Escritt)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Russian attack on Kyiv triggers fires, officials say
- Car bomb kills eastern Libyan military intelligence chief, sources say
- Zelenskiy says he discussed defence, food security with Saudi crown prince
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
