Germany Secures Green Support for €500 Billion Investment Plan

The agreement includes €100 billion earmarked for climate initiatives, enabling constitutional changes to fund defense and infrastructure projects.

Friedrich Merz, Germany's incoming chancellor, reached a deal with the Green Party to lift their veto on a €500 billion investment plan.
The plan allocates €100 billion specifically for climate-related projects, addressing Green Party demands for environmental safeguards.
The agreement allows constitutional changes to bypass Germany's debt brake for defense and infrastructure spending.
The Bundestag will vote on the plan next week, with the required two-thirds majority now secured thanks to Green Party support.
The initiative marks a significant shift in Germany's fiscal policy, prioritizing military rearmament and modernization in response to evolving European security challenges.