Germany's Bundesrat to Vote on Historic €500 Billion Financial Package

The package, expected to pass, includes constitutional amendments easing debt limits and a major fund for infrastructure and climate protection.

• The Bundesrat is set to vote today on a financial package requiring a two-thirds majority, with Bavaria's support securing the necessary votes.
• The package includes a €500 billion special fund for infrastructure and climate protection, exempt from constitutional debt limits.
• Constitutional amendments will allow federal states to collectively take on new debt up to 0.35% of GDP annually, altering previous fiscal constraints.
• Legal challenges from FDP factions in several states were dismissed, clearing the way for the vote to proceed.
• Bavaria's government, after internal negotiations, agreed to support the package, ensuring its passage despite initial resistance.

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