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Merz’s €1tn spending plan wins final approval from Germany’s upper house (www.ft.com)

submitted 1 month ago by tfm to c/Germany

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cross-posted from: https://sopuli.xyz/post/24193810

Archive: https://archive.is/2025.03.21-101658/https://www.ft.com/content/bf9dde37-2dc8-44df-b5f5-ef5dece888f6

On Friday, the constitutional reform secured the support of more than two-thirds of the seats in the Bundesrat, the upper house that represents Germany’s 16 federal states.

The changes, which were approved by the Bundestag earlier this week, loosen the country’s constitutional borrowing restrictions to allow unlimited defence spending and create a special €500bn, 12-year vehicle to modernise the country’s infrastructure.

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[–] Treczoks@lemmy.world 3 points 1 month ago

All Germany must hope for is not getting a minister for traffic and infrastructure from the CSU again, or 490b of the 500b will end up in projects in Bavaria.