
The two political parties expected to form the next German government have agreed to loosen the country's constitution restrictions on borrowing, enabling 1 trillion euros ($1.08 trillion) or more in spending on defense and infrastructure.
It’s a major change in Germany’s debt-averse political culture. Intensifying debate over the debt brake throws into question the economic wisdom that has dominated Europe’s biggest economy and one of the world’s wealthiest countries - but more recently has been bogged down, fueling calls for reform.