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Deal paves way for the flagship defence and infrastructure package to be adopted by parliament next week
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“In substance, it creates significantly more leeway for the government both in infrastructure and defence,” said Armin Steinbach, professor at HEC. “The new fiscal ceiling for Germany’s budget will be the EU fiscal rules, no longer the German debt brake.”
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“This compromise was probably the biggest mountain [Merz] had to climb, but more mountains remain next week,” Steinbach said.
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Access the full article here:
https://www.ft.com/content/1f8242d1-9f7a-4c46-b2ac-a8fc5b341aa8
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