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Germany to Reform Debt Brake, Approve €500 Billion Investment Fund
Germany's Union and SPD parties agreed to reform the debt brake, allowing €500 billion in special funding for infrastructure and defense spending exceeding 1% of GDP (€40 billion) to be exempt, requiring a swift vote in the current Bundestag before the new parliament convenes.
Germany to Reform Debt Brake, Approve €500 Billion Investment Fund
Germany's Union and SPD parties agreed to reform the debt brake, allowing €500 billion in special funding for infrastructure and defense spending exceeding 1% of GDP (€40 billion) to be exempt, requiring a swift vote in the current Bundestag before the new parliament convenes.
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