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The Guardian - UK
The Guardian - UK
World
Kate Connolly in Berlin

Bundestag prepares to vote on historic borrowing package in key test for Merz

Friedrich Merz
Financial markets reacted positively to the news last week that Merz had secured the Greens’ support for his plan. Photograph: Clemens Bilan/EPA

Germany’s likely next chancellor is to face a key vote on plans to unlock a record level of state borrowing, which he argues is necessary to boost the country’s military spending and inject growth into its ailing economy.

Ahead of the crucial Bundestag vote on Tuesday, Friedrich Merz has faced a barrage of complaints from the opposition and from within his own ranks that he is not coupling the historic levels of spending planned – as much as €1tn (£840bn) – to demands for reform.

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