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Germany's parliament passes historic package boosting defence spending
euronews (in English)
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10 months ago
Germany's parliament passes historic package boosting defence spending
Friedrich Merz needed the support of two-thirds majority in parliament for his plan to unlock billions for defence and infrastructure spending.
READ MORE : http://www.euronews.com/2025/03/18/germanys-parliament-passes-historic-package-boosting-defence-spending
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00:00
Germany's parliament on Tuesday passed a historic financial package to massively boost defense
00:08
and infrastructure spending. The bill unlocks billions in defense spending and sets up another
00:14
500 billion fund for infrastructure projects. But some experts say a temporary reform is
00:20
not enough and a full reform of the so-called debt break is needed.
00:25
The package would be a very important step in the right direction, but that alone will not be enough.
00:31
We need a reform of the debt break to permanently bring investments in infrastructure, education and defense
00:38
into the federal budget. And we also need reforms in bureaucracy, in employees, in other areas,
00:45
so that such investments can be implemented at all.
00:50
Experts have also warned that any infrastructure projects will need additional reforms to address Germany's labor shortage.
01:11
A hundred billion of the fund will go towards supporting climate measures.
01:16
A key concession CDU leader Friedrich Merz made to get the Greens to agree on the package.
01:24
The bill made it through parliament with 513 votes in its favor.
01:30
The bill passed marks a historic shift in Germany's attitude towards taking on debt,
01:35
triggered by a felt need to increase defense spending.
01:38
But the bill still needs the approval of the parliament's upper house to become law.
01:43
Tamzin Paternoster, in Berlin, for Euronews.
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