Germany ‘s likely next chancellor urged lawmakers Thursday to exempt some defense spending from the nation’s tight rules on running up debt, an issue of growing urgency as doubts increase about the U.S. commitment to European allies. The appeal comes amid long-term strains on the debt limits, and the recent shift in U.S. security policy under President Donald Trump, who has demanded that Europe do more for own security, disrupting post-World War II transatlantic relations under which Europe looked to the United States for security guarantees. Economists say that if passed, this could enable a trillion euros in new borrowing and spending over a decade. The plans will need a two-thirds majority in parliament because the debt brake is anchored in the constitution. Do you think that Europe should develop their own alliance ?
Previous Article
Driving Market growth with innovations and custom solutionsNext Article
Access to Copyrigted materials for AI Race