Releasing the brake. Germany’s likely incoming chancellor, Friedrich Merz, announced plans to modify the country’s so-called debt brake to permit a massive increase in defense spending. His proposal would exempt defense expenditures exceeding 1 percent of gross domestic product from the debt brake’s limits, enabling hundreds of billions of euros in additional military funding. Beyond defense, the […]
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Daily Memo: German Rearmament, US Looks for Mediator on Iran
Berlin is considering ways to support critical projects without violating spending rules.
