💨 Abstract

Germany's Bundesrat approved a historic fiscal policy shift on Friday, ending decades of fiscal conservatism. The spending splurge aims to revive growth and scale up the military. The legislation, worth 500 billion euros, passed the Bundestag on Tuesday and eases borrowing rules for defense spending. The approval comes amid fears of a changing geopolitical situation, particularly with US policy under President Trump.

Courtesy: theprint.in

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