💨 Abstract

Germany's parliament has approved a significant increase in government borrowing and a change to debt rules, totaling 500 billion euros, to fund infrastructure projects, boost defense, and revive growth. The legislation, proposed by Chancellor-in-waiting Friedrich Merz's conservatives and the center-left Social Democrats, now moves to the Bundesrat upper house for a vote on Friday. The parties expect the upper house to pass the bill.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖