**Germany Votes to Boost Defence Spending**
The German parliament, known as the Bundestag, has voted to allow a huge increase in defence and infrastructure spending. This move is significant for Europe, especially with Russia’s invasion of Ukraine ongoing.
**What Does it Mean?**
The vote allows Germany to exempt spending on defence and security from its strict debt rules. It also creates a €500bn fund for infrastructure projects, such as fixing roads and bridges, and paying for climate change measures.
**Why is this Important?**
This change is historic for traditionally debt-shy Germany. It could be significant for Europe, especially with the US President’s uncertain commitment to NATO and European defence. The vote was approved by a two-thirds majority of parliamentarians, which is required for the change.
**Next Steps**
The law still needs approval from the upper house, the Bundesrat, which has the same voting requirement. This vote is set for Friday. If it passes, it will officially become law and Germany can start investing in its defence and infrastructure.
**Reaction**
Friedrich Merz, who proposed the measures and is expected to soon be confirmed as Germany’s new chancellor, said the decision was a major step towards a new European defence community. EU Commission President Ursula von der Leyen called it “excellent news” that sends a clear message to Europe about Germany’s commitment to investing in defence.
Read More @ www.bbc.com
