💨 Abstract

Germany's election winner Friedrich Merz has ruled out a quick reform to the debt brake, a state borrowing limit, and expressed doubt over whether the outgoing parliament could approve a massive military spending boost. The moves require two-thirds support in parliament, which could depend on the composition of small parties. Merz's conservatives won elections but lack a majority and face tricky coalition talks, while support for far-right and far-left parties surged.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖