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German Parliament Faces Key Votes on Historic €500 Billion Financial Reform

The Bundestag and Bundesrat are set to decide on a groundbreaking financial package, but political tensions and regional disagreements could pose significant hurdles.

  • The proposed €500 billion financial package aims to fund defense, infrastructure, and climate initiatives, requiring constitutional amendments to loosen Germany's debt constraints.
  • The package includes €100 billion earmarked for climate action, with 'climate neutrality by 2045' set to be enshrined in the German constitution for the first time.
  • Approval in the Bundesrat hinges on Bavaria's six votes, as internal divisions within the CSU-Freie Wähler coalition threaten the required two-thirds majority.
  • FDP leader Christian Dürr criticized the package as a 'generational debt burden,' while the Greens hailed it as a major win for climate policy.
  • The Bundestag is scheduled to vote on the package on Tuesday, followed by a decisive Bundesrat session on Friday, with Chancellor-designate Friedrich Merz urging swift action.
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