Miguel Afonso Caetano on Nostr: RT @IsabellaMWeber Germany just entered the age of military Keynesianism. Defense ...
RT @IsabellaMWeber
Germany just entered the age of military Keynesianism.
Defense spending above 1% of GDP will no longer be subject to fiscal rules. The debt brake remains in place but the tap for rearmament is open. Deficit spending on infrastructure is capped at 0.6% of GDP and climate at 0.4%.
https://www.bloomberg.com/news/articles/2025-03-18/german-lawmakers-pass-landmark-spending-package-ending-era-of-budget-austerity
Germany just entered the age of military Keynesianism.
Defense spending above 1% of GDP will no longer be subject to fiscal rules. The debt brake remains in place but the tap for rearmament is open. Deficit spending on infrastructure is capped at 0.6% of GDP and climate at 0.4%.
https://www.bloomberg.com/news/articles/2025-03-18/german-lawmakers-pass-landmark-spending-package-ending-era-of-budget-austerity