Germany's Bundestag on Tuesday approved a landmark fiscal reform package, clearing the way for €500 billion ($548 billion) in defense and infrastructure investments while loosening the country's constitutionally mandated debt limits. The vote passed with 513 members in favor and 207 against, exceeding the two-thirds majority required to amend the German constitution.

Shit is getting bleak

e: bleak-er I should say

  • davel [he/him]@lemmygrad.mlEnglish
    0·
    16 days ago

    Military Keynesianism loophole.

    Negotiations with the Greens secured the final votes needed to push the legislation through the outgoing parliament, allocating €100 billion of the infrastructure fund specifically for climate and economic transformation efforts.

    • ImmortanStalin@lemmygrad.ml
      0·
      16 days ago

      Meanwhile increased military spending will quickly offset anything that 100 billion can do. Tanks, planes, armored vehicles, etc are very fuel hungry.