Chancellor-elect Merz’s public spending deal sees German borrowing costs soar highest since 1997
The surge followed an agreement led by Chancellor-in-waiting Friedrich Merz that would largely exempt defence spending from Germany’s strict debt limits and create a €500 billion ($540 billion) special fund for infrastructure over the next decade
The surge followed an agreement led by Chancellor-in-waiting Friedrich Merz that would largely exempt defence spending from Germany’s strict debt limits and create a €500 billion ($540 billion) special fund for infrastructure over the next decade
