The article discusses Friedrich Merz's decision to consider dismantling Germany's debt brake, marking a significant shift in fiscal policy aimed at enhancing the country's defense capabilities in light of external threats, particularly from Russia. This move, which raises the possibility of unlimited borrowing, has energized European markets. Ursula von der Leyen's call for 800 billion euros to bolster the EU’s defense represents a united response to geopolitical challenges, influenced by the changing dynamics of US foreign policy under President Trump.
Merkel's sudden reversal on spending constraints reflects a significant shift in the EU's fiscal policy, allowing Germany to potentially engage in unlimited borrowing for defense.
Ursula von der Leyen highlighted that 800 billion euros could be mobilized for Europe's defense initiatives, highlighting the EU's urgent response to external threats.
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