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Germany changes debt rules to enable higher military spending

Germany changes debt rules to enable higher military spending

THE prospective German government’s plans to enable higher military spending by loosening strict debt rules cleared their final parliamentary hurdle today with approval by the upper house.

The chamber, which represents Germany’s 16 state governments, approved the measure proposed by likely next chancellor Friedrich Merz with the necessary two-thirds majority. 

Its endorsement followed approval on Tuesday by the lower house.

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