In March, Germany amended its constitutionally mandated government borrowing cap, allowing chancellor Friedrich Merz to push his trillion-euro spending plan through parliament.
Tag: Germany
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WHEN ALL ELSE FAILS, THEY TAKE YOU TO WAR: GERMANY THE ‘SICK MAN OF EUROPE’ AGAIN
Oliver Bäte, the CEO of Allianz, the German financial company, said last week that he believes Berlin’s social security system will “be on its knees” in about 10 years because the country’s “static” GDP is not keeping up with expenses.
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U.S. MOVES TO BACKFILL GERMANY WITH PATRIOT MISSILE SYSTEMS INTENDED FOR UKRAINE
The U.S. has given priority to Germany to deliver its Patriot missile systems so Berlin can deliver these weapons to Ukraine, which was seen as the Trump administration’s first effort to indirectly arm Kyiv since January.
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GERMANY, U.K. SIGN NEW DEFENSE TREATY IN LATEST EFFORT TO MILITARIZE
British Prime Minister Keir Starmer and German Chancellor Friedrich Merz signed a mutual defense treaty last week that—in part—promised to come to each other’s aid if there’s an attack on either, which seemed redundant given that NATO is supposed to already have the same assurances under Article 5.
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GERMANY ON THE MARCH: BERLIN WANTS WEAPONS TO BE PRODUCED FASTER
Boris Pistorius, Germany’s defense minister, said in an interview that weapons makers need to up their game and start pumping out supplies to meet the moment.
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GERMAN CONSUMER SENTIMENT SAGS
Households in Europe’s largest economy are feeling less confident about the country’s current economy, according to the newest consumer sentiment survey by thinktank GfK and the Nuremberg Institute for Market Decisions (NIMD).
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BERLIN CALLS ON EU BUDGET TO RAMP UP DEFENSE FUNDING
Berlin announced last week that it wants the next European Union (EU) budget, which will span seven years, to take a keen focus on military funding without increasing the overall spend because of economic challenges facing the block.
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GERMAN GOVERNMENT PROPOSES €46 BILLION IN BUSINESS TAX BREAKS
Still struggling to jump-start Germany’s torpid economy, the government of chancellor Friedrich Merz has proposed €46 billion in corporate tax cuts, including for the purchase of new equipment and electric vehicles.
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GERMANY: JA TO ELECTRIC CARS, NEIN TO TESLA
In May, sales of battery-powered cars in Germany jumped 45 percent year on year, but new Tesla registrations were a third lower, according to data from the country’s Federal Motor Transport Authority.
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HEIL MERZ, GERMANY AGREES TO PUMP UKRAINE WITH €5 BILLION IN NEW MILITARY AID
German Chancellor Friedrich Merz met with Ukrainian President Volodymyr Zelensky in Berlin last week and the two spoke about how Germany plans to help Kyiv ramp up its war against Russia by pumping Ukraine with €5 billion in new weapons while forming a joint effort to produce long-range weapons.
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