David McNamara: Can Germany deploy its 'fiscal bazooka'?
Germany's chancellor Friedrich Merz: A recall of the old parliament has seen a tense debate ahead of the final votes next week on the fundamental reforms to the 'debt brake'. Picture: AP Markus Schreiber
With markets now priced in for the impending “fiscal bazooka” from the EU’s joint defence spending initiative and Germany’s infrastructure and defence proposals, the coming week will be pivotal in realising these ambitious plans.
In Germany, a recall of the old parliament has seen a tense debate ahead of the final votes next week on the fundamental reforms to the “debt brake”.
