💨 Abstract

German Chancellor-in-waiting Friedrich Merz has secured the backing of the Greens for a massive increase in state borrowing, worth 500 billion euros ($544 billion), to fund infrastructure and defense spending. This deal, if approved by the outgoing parliament next week, will mark a significant shift in Germany's fiscal conservatism and could boost the European economy.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖