Germany's Landmark Spending Package Wins Bundestag Backing

German lawmakers passed a landmark spending package that could unlock hundreds of billions of euros in debt financing for defense and infrastructure and heralding the end of decades of budget austerity. The legislation pushed by Chancellor-in-waiting Friedrich Merz and also backed by the Social Democrats and the Greens, will head to a vote on Friday at the Bundesrat, where Germany’s 16 federal states are represented. Bloomberg's Oliver Crook reports.
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[Timeyy]

Let's hope this money actually gets pumped into the economy and not end up parked on some billionaire's bank account

[tobiwan]

Actually reunification was much more expensive.

[illuvatar]

Germany increases military spending and talks about sending troops to the Russian border. What could go wrong?

[teenahweenah]

The median age of Germany is currently around 45.3 years. The birthrate in Germany is declining. It really doesn't make sense to spend money on defense when the population is ageing out of existence.

[pakpala]

We need a strong Germany to compete with US/Russia alliance...

[jimmy_angel]

Canada has lots of LNG for Germany must see Danielle Smith in Alberta

[gillianforrester]

What is it with 2030 ( Van der Leyen) ? What the hell is going to happen in 2030? End of peace, freedom, return to surfdom for the poor?

[raze]

unserious how i thought at day 1 . u need no more to check here it is another wrong turn.

[stevehealy]

Germany is financial screwed, bankrupt

[MidnightRambler]

😅another Trump victory. Spend for your own defense.

[SW-lwmt]

When governments say they can't afford climate change but there's always infinite money for weapons.

[tebitt]

Utterly idiotic. The cost of energy means it won’t work.

[Atalaclys]

Doesn't matter. Fundamentals are and will remain poor for Germany and Europe and no amount of printed euros will change that. These are dying societies living on centuries' fumes...

[jamess]

And who is going to pay it back and what good is money when u don’t have an army or most important part where are they going to buy the weapons from USA is low that’s why they lost the war with Russia maybe China or Russia