Germany prepares to break away from austerity and zero deficit belief, with plans to invest millions into defense, infrastructure and the environment.
The so-called debt brake, a constitutional amendment of 2009 that prevents the federal state from borrowing above 0.35% of GDP, may be rectified.
The plan consists of three parts: a special fund for infrastructure, lifting the debt brake for military spending, and a relaxation of the debt brake for the federated states.
These actions are historic, being a break with previous austerity policies in Germany.
Conclusion: These measures signal significant changes in Germany's economic policy. Marking a return to investment and borrowing to face new global challenges and recover the economy after two years of recession.