Reported about 7 hours ago
Germany has announced a transformative initiative to establish a €500 billion ($528 billion) fund focused on defense and infrastructure, marking a significant break from its previous fiscal constraints. Chancellor-in-waiting Friedrich Merz emphasized the need for Europe to enhance its defense capabilities, particularly in light of reduced U.S. military aid to allies. The government plans to invest in key sectors such as transportation, energy, and housing, as it seeks to strengthen national and regional security amidst global challenges.
Source: YAHOO