German Greens party source says agreement reached on debt deal

German parliament discusses €500-billion fund and revamp of borrowing rules ahead of the formation of a new parliament, in Berlin

Germany's chancellor-in-waiting and leader of the Christian Democratic Union party (CDU) Friedrich Merz speaks during an extraordinary meeting of the German Bundestag to discuss a €500-billion infrastructure fund and a revamp of borrowing rules aimed at modernizing the military and stimulating economic growth ahead of the formation of a new parliament at end of March, in Berlin, Germany, March 13, 2025. REUTERS/Liesa Johannssen

Source: REUTERS

An agreement has been reached on plans by German chancellor hopeful Friedrich Merz to massively ramp up public borrowing, a source from the Greens party said on Friday, adding: "We are satisfied."

Greens' support is seen as crucial to Merz's bid to pass the debt plan with a two-thirds majority in Germany's outgoing parliament.

This article was produced by Reuters news agency. It has not been edited by Global South World.

By Reuters

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