Germany Approves Historic €500 Billion Plan for Defense and Infrastructure
The Bundestag's vote marks a significant fiscal shift as Germany responds to Russian aggression and aims for European defense independence.
- The German Bundestag approved a €500 billion investment plan over 12 years, modernizing military capabilities and infrastructure while relaxing constitutional debt rules.
- Friedrich Merz, the probable next chancellor, described the plan as a response to Russia's 'war against Europe' and a step toward a European defense community.
- The plan includes €100 billion for climate protection, securing Green Party support for the coalition.
- Germany's defense modernization will focus on advanced technologies such as drones, autonomous systems, and satellite surveillance.
- The initiative aligns with the EU's broader 'Rearm Europe' strategy, which aims to strengthen the continent's defense capabilities by 2030.
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