Germany plans nearly one trillion euros in new debt

Germany plans to vote on a bill that would allow it to take on nearly one trillion euros in new debt for military and infrastructure investments. This requires a constitutional change and is unprecedented in the Bundestag's history. The proposed legislation would ease the country's strict debt limits, allowing both the federal government and states to borrow more. It includes provisions for military spending, infrastructure upgrades, and climate protection, with a total of €500 billion allocated over the next twelve years. Critics, including the far-right Alternative for Germany and the Left Party, oppose the debt package. Economists warn that this could significantly increase Germany's national debt and impact financial stability in Europe, particularly for already indebted countries.