German parliament passes historic spending reforms.
18 March 2025
German lawmakers passed a historic package of constitutional reforms that will unleash hundreds of billions of euros in new borrowing to bolster the country’s enervated military and ageing infrastructure.
The vote to unleash borrowing for the military and Ukraine is a “first major step towards a new European defence community,” says incoming chancellor Merz.
The vote to unleash borrowing for the military and Ukraine is a “first major step towards a new European defence community,” says incoming chancellor Merz.