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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.
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