Germany just entered the age of military Keynesianism.
Defense spending above 1% of GDP will no longer be subject to fiscal rules. The debt brake remains in place but the tap for rearmament is open. Deficit spending on infrastructure is capped at 0.6% of GDP and climate at 0.4%.
Defense spending above 1% of GDP will no longer be subject to fiscal rules. The debt brake remains in place but the tap for rearmament is open. Deficit spending on infrastructure is capped at 0.6% of GDP and climate at 0.4%.
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