Germany's Parliament Poised for Major
Photo: Christian Charisius/AP/TT

Germany's Parliament Poised for Major Defense Funding Vote Next Week

Already next week, the outgoing German federal parliament may vote on a giant package to strengthen the defense, reports Bild.

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The newspaper has learned that election winner Friedrich Merz, who is expected to succeed Olaf Scholz as Federal Chancellor, wants to hold a vote in parliament on Monday. The sums are not finalized, but experts are talking about hundreds of billions of euros, according to German media.

Financing is a crucial issue in the ongoing government negotiations between Merz's Christian Democrats and the Social Democratic SPD.

Merz wants to avoid a lifting of the constitutionally enshrined debt brake, and instead borrow money to a special fund that will finance defense investments and arms purchases. Similar investments in infrastructure are also being discussed, according to Bild.

The decision requires a two-thirds majority, which will become more complicated when the new federal parliament takes office. There, the fringe parties AFD and Die Linke together hold more than a third of the seats.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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