💨 Abstract

The parties in Germany's potential new government agreed to create a 500 billion euro infrastructure fund and overhaul borrowing rules, a significant shift that boosted markets. The reform aims to revive Europe's largest economy and modernize defense spending. The measures, proposed by Friedrich Merz's conservatives and the Social Democrats, require a two-thirds majority in parliament, which they aim to secure before the new parliament takes office.

Courtesy: theprint.in

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