German parties agree deal to loosen debt limit, expand defense spending as Europe called to do more
German lawmakers have reached a deal to exempt some defense spending from the debt rules, to boost the country's defenses amid U.S. security concerns. The agreement, which involves setting up a 500 billion euro investment fund, includes funding for defense, infrastructure, and climate-related projects. The deal now awaits parliamentary approval.
German lawmakers have reached a deal to exempt some defense spending from the debt rules, to boost the country's defenses amid U.S. security concerns. The agreement, which involves setting up a 500 billion euro investment fund, includes funding for defense, infrastructure, and climate-related projects. The deal now awaits parliamentary approval.
