Germany's upper house clears historic defence spending bill

Germany's upper house clears historic defence spending bill

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Germany's upper house clears historic defence spending bill
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Germany's Bundesrat has approved a significant bill to create a €500 billion fund for infrastructure and defense projects, allowing increased military spending and reforming borrowing rules. Chancellor-in-waiting Friedrich Merz aims for swift approval before the new parliament session, despite opposition from leftist parties. The bill passed with a strong majority, overcoming initial objections from smaller parties. The legislation also includes provisions for climate investment and greater borrowing for Germany's states.

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