Germany's CDU and SPD reach historic debt deal to jumpstart defence spending
The agreement reached with the Greens would allow Germany to spend up to €1 trillion on defence and infrastructure over the next decade.
READ MORE : http://www.euronews.com/2025/03/14/germanys-cdu-and-spd-reach-historic-debt-deal-to-jump-start-defence-spending
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The agreement reached with the Greens would allow Germany to spend up to €1 trillion on defence and infrastructure over the next decade.
READ MORE : http://www.euronews.com/2025/03/14/germanys-cdu-and-spd-reach-historic-debt-deal-to-jump-start-defence-spending
Subscribe to our channel. Euronews is available on Dailymotion in 12 languages
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NewsTranscript
00:00CDU leader Friedrich Merz secured key support from the Greens, clearing the way for a historic
00:09spending bill to unlock billions for defence and infrastructure.
00:14Experts say Germany needs this deal to give the country leverage to face up to security
00:19threats.
00:22We are entering very dirty tariff wars with the US, geopolitical tensions, and Donald
00:29Trump doesn't negotiate with losers, so we only can basically push through our interests
00:35if we bargain from a position of economic strength.
00:40But further reforms are necessary for economic growth.
00:46But now with a package is an even bigger problem because the money is going to boost
00:52demand and if supply doesn't pick up, we're going to hit capacity constraints.
01:00Germany's parliament is set to vote on the proposal next week.