💨 Abstract

Germany's upper house of parliament has passed a reform of borrowing rules and a €500 billion infrastructure revitalization fund. The constitutional amendment loosens the debt brake, enabling unlimited spending on defense and security. The bill was passed with a two-thirds majority in both houses of parliament, due to concerns about potential blockage by far-right and far-left lawmakers in the upcoming Bundestag.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖