Merz, who is expected to sit in the president of the Prime Minister in Germany, agreed with the Green Party to the 500 billion euro fund to revive economic growth and increase military spending.
Political parties in Germany agreed to carry out a large increase in public loans. Friedrich Merz, who is expected to be the next Prime Minister of Germany, has achieved compromise with the Green Party to carry out a great increase in public loans. The Democratic Democratic Party President Merz wants the German National Assembly to ratify a 500 billion euro fund for revival of economic growth in Germany and increase military spending. The loosening of “debt brakes” for certain defense spending, effective in 2009 and the budget deficit did not exceed 0.35 % of the gross domestic product (GDP) of the country, loosened certain defense spending of the “debt brake” in which limited government loans. The agreement is expected to support the defense and investment package prepared by the Christian alliance parties (CDU/CSU) and the Social Democratic Party (SPD), began to negotiate the Union to establish a new government after the Green Party General Election. The agreement is exempted from debt brakes for defense spending on 1 % of GDP He needs green
On March 4, the CDU/CDU and SPD agreed to relax the constitution for higher defense costs and establish a 500 billion euro fund for necessary investments in infrastructure areas. To relax the debt brakes, the relevant article in the Constitution needs to be changed. However, in the National Assembly, CDU/CSU and SPD cannot achieve the number of seats to change the constitutional article is necessary. The defense and investment package will be held in the Federal Parliament on March 18. The euro also achieved value compared to the dollar.