Germany's parliament passes historic package boosting defence spending!

WooGlobe

Germany just made history by approving a record-breaking €500 billion borrowing plan! This move loosens the country’s strict &quot;debt brake&quot; to fund defence, infrastructure, and climate projects. With 513 votes in favour, this marks a huge shift in Germany’s economic policy. But not everyone is on board—critics argue that deep reforms in pensions, energy, and the workforce are still needed.  Is this the right move for Germany’s future? Watch now to find out!  WooGlobe Ref : WGA697260 For licensing and to use this video, please email licensing@wooglobe.com

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00:00Germany's parliament just passed a game-changing law

00:03unlocking record-breaking state borrowing for defense and infrastructure.

00:07This decision, made with 513 votes in favor, changes decades of fiscal policy.

00:13What's the big deal?

00:15Germany's strict debt break has been loosened to allow over 500 billion euros in special funding.

00:21This means more spending on defense, infrastructure, and climate projects.

00:26But not everyone is happy.

00:28The far-left and far-right parties tried to block the move,

00:31while critics argue Germany needs major reforms in pensions, energy, and its workforce.

00:36Still, the markets love the news, with the German stock market and euro rallying.

00:41Is this the right move for Germany's future?

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