German parties agree deal to loosen debt limit, expand defense spending as Europe called to do more
The debate over the deal cast defense spending as an issue of growing urgency as doubts increase about the U.S. commitment to European allies. Long-term strains on Germany’s debt limits, combined with the recent shift in U.S. security policy under President Donald Trump, pushed the negotiations into a deal that now goes before the parliament.
Euro Zone Markets Rally on Reports That German Parties Agree Fiscal Deal
LONDON (Reuters) - Euro zone shares and the euro rallied on Friday following news that German Chancellor-in-waiting Friedrich Merz reached an agreement with the Greens on a massive increase in state borrowing just days ahead of a parliamentary vote next week.
German parties strike deal to pass historic debt-funded investment package
A deal cut in Berlin on Friday secured enough votes to pass a massive debt-backed infrastructure and military spending package, according to German media reports.
Germany to ease government debt limits in major step aimed at boosting economy, defense spending
The two political parties expected to form the next German government have agreed to significantly loosen the country’s constitutional restriction on deficits, enabling 1 trillion euros ($1.08 trillion) or more in new borrowing and spending on defense and infrastructure.
‘A really big bazooka’: German defense spending likely to rise after parties agree historic debt change
The parties hoping to form Germany’s next government have agreed to overhaul borrowing rules and create a €500 billion ($536 billion) infrastructure fund in a tectonic spending shift to revamp the military and revive growth in Europe’s largest economy.
German Greens Party Source Says Agreement Reached on Debt Deal
An agreement has been reached on plans by German chancellor hopeful Friedrich Merz to massively ramp up public borrowing, a source from the Greens party said on Friday, adding: "We are satisfied." Greens' support is seen as crucial to Merz's bid to pass the debt plan with a two-thirds majority in Germany's outgoing parliament.
Instant View: German stocks, euro rally as German parties agree on historic debt deal
German Chancellor-in-waiting Friedrich Merz reached an agreement with the Greens on Friday on a massive increase in state borrowing just days ahead of a parliamentary vote next week, Reuters reported,
Euro gains after German fiscal deal; dollar buoyed with US government shutdown likely averted
The euro rose on Friday after German parties agreed on a fiscal deal that could boost defence spending and revive growth in ...
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German bond yields jump, stocks surge as parties agree seismic spending plans
German government bond yields, equities and the euro all rose on Friday on reports Germany's Chancellor-in-waiting Friedrich ...
German Industrial Production Rose at Start of 2025 as Tariff Threats Loom
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German economy minister says defence and infrastructure spending should be discussed separately
Germany's outgoing economy minister Robert Habeck said on Wednesday that any decision on defence funding and support for ...
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German industrial production rises, but exports fall
German industrial output rose in January but exports plunged, showing the challenges facing the incoming government in ...