Friedrich Merz has secured final approval for his €1 trillion spending plan from Germany’s upper house. This move marks a significant milestone for Merz, who is currently vying to succeed outgoing Chancellor Angela Merkel as leader of the country. The spending plan aims to address various economic and social issues facing Germany, including infrastructure development, healthcare reform, and education enhancement. Its approval is seen as a key endorsement from lawmakers and paves the way for its implementation in the coming months.
Source: https://www.ft.com/content/bf9dde37-2dc8-44df-b5f5-ef5dece888f6