‘Germany Is Back’: Coalition Unveils Bumper $1.3 Trillion Spending Pledge as Country Breaks with Con
Germany's coalition agreed a landmark deal to exempt defense spending from its harsh debt brakes, in addition to unveiling a $535 billion infrastructure pledge. The country announced plans to change its constitution and abandon its long-standing commitment to fiscal prudence. Germany finally unveiled a plan that could address years of economic decline and the war in Ukraine as the country announced plans to change its constitution and abandon its long-standing commitment to fiscal prudence.
- This historic shift in policy could mark a turning point for Germany's economy, potentially reigniting growth and competitiveness by unleashing pent-up spending on vital infrastructure projects.
- What implications might this new direction have for Europe's collective security and defense posture, as a major power like Germany seeks to reassert its influence amidst rising tensions with Russia?