Germany's Union, SPD, and Greens Finalize €500 Billion Finance Package

The agreement includes investments in defense, infrastructure, and climate while requiring constitutional changes to bypass debt limits.

The €500 billion finance package allocates funds for defense, infrastructure, and climate initiatives, with €100 billion set aside for climate transformation efforts.
The agreement requires constitutional amendments to exceed Germany's debt limits, with votes scheduled in the Bundestag and Bundesrat next week.
Union, SPD, and Greens emphasize the importance of structural reforms and fiscal discipline alongside the new investments.
Economic and environmental groups praise the compromise but also stress the need for efficient implementation and targeted reforms.
The package's approval is time-sensitive, aiming to pass before the new Bundestag convenes on March 25, 2025.