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International Business Times
International Business Times
World

UNCOVERED: Germany s huge spending package passes final hurdle in upper house | History Defined

Bavaria's state premier and leader of the Christian Social Union, Markus Soeder, labelled the massive infrastructure spending a new 'German Marshall Plan' (Credit: AFP)

Germany's upper house of parliament on Friday gave the final seal of approval to a massive spending package to build up the military and overhaul infrastructure.

Worth hundreds of billions of euros, the so-called spending "bazooka" has been pushed by the likely next chancellor Friedrich Merz, whose centre-right CDU/CSU won elections last month and is now in coalition talks with the centre-left Social Democrats (SPD).

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