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debt brake

German Chancellor-in-waiting Friedrich Merz
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Germany drops debt brake, passes preliminary agreement to boost defense, infrastructure, and climate spending

Germany’s election-winning center-right Christian Democratic Union/Christian Social Union, led by Friedrich Merz, and the Social Democrats have reached a preliminary agreement with the Green Party on a deal to exclude defense spending from the country’s constitutional debt break and establish a dedicated $545 billion fund for infrastructure investments.

​Lars Klingbeil (l), Chairman of the SPD parliamentary group, and Friedrich Merz, CDU Chairman and Chairman of the CDU/CSU parliamentary group, talk at the end of the 213th plenary session of the 20th legislative period in the German Bundestag.
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Will Germany dump its debt brake?

Germany’s government is in a state of uncertainty as the outgoing government races to push through a huge, and highly controversial, new spending package before its term ends early this spring.