Germany will ramp up spending on defense and security to more than €200 billion ($228 billion) by the end of the decade, amounting to a third of the federal budget as Europe’s No. 1 economy pushes to rearm.
Germany will ramp up spending on defense and security to more than €200 billion ($228 billion) by the end of the decade, amounting to a third of the federal budget as Europe’s No. 1 economy pushes to rearm.
Soldiers of the German armed forces Bundeswehr during an exercise of the Panzergrenadier Training Bataillon 92 at the military training area in Munster, northern Germany, on June 5, 2026.
Germany plans to increase net new borrowing for 2027 to €118 billion ($135 billion), about 7% more than projected in April.
Commuters next to the Urania World Clock at Alexanderplatz, in view of the Berlin TV tower, in central Berlin, Germany, on Tuesday, Oct. 4, 2022. EU countries are worried that Germany's 200 billion borrowing plan will reopen economic divisions the bloc had managed to bridge during the Covid crisis.
German data in the coming week showing the cumulative impact of the Iran war will set the stage for the government’s latest bid to awaken animal spirits in Europe’s biggest economy.
German data in the coming week showing the cumulative impact of the Iran war will set the stage for the government’s latest bid to awaken animal spirits in Europe’s biggest economy.
German data in the coming week showing the cumulative impact of the Iran war will set the stage for the government’s latest bid to awaken animal spirits in Europe’s biggest economy.
German data in the coming week showing the cumulative impact of the Iran war will set the stage for the government’s latest bid to awaken animal spirits in Europe’s biggest economy.
Chancellor Friedrich Merz’s coalition agreed on €10 billion ($11.4 billion) in annual income tax relief and a range of measures to bolster Germany’s labor market as part of a set of reforms designed to revive economic growth and stabilize the budget.
Chancellor Friedrich Merz’s coalition agreed on €10 billion ($11.4 billion) in annual income tax relief and a range of measures to bolster Germany’s labor market as part of a set of reforms designed to revive economic growth and stabilize the budget.
Markus Söder, Friedrich Merz, Bärbel Bas and Lars Klingbeil during a news conference in Berlin, on July 2. Photographer: Michael Kappeler/picture alliance/Getty Images
Germany’s central bank is vying to oversee the country’s planned state-backed pension fund, set to be one of Europe’s largest pools of long-term capital worth hundreds of billions of euros.
Germany’s central bank is vying to oversee the country’s planned state-backed pension fund, set to be one of Europe’s largest pools of long-term capital worth hundreds of billions of euros.
KfW, Germany’s state-owned development bank. Photographer: Alex Kraus/Bloomberg
German Chancellor Friedrich Merz’s coalition is negotiating as much as €20 billion ($22.8 billion) in income-tax relief as it taps momentum for its broader reform agenda, though the parties remain divided on how to pay for the cuts.
German Chancellor Friedrich Merz’s coalition is negotiating as much as €20 billion ($22.8 billion) in income-tax relief as it taps momentum for its broader reform agenda, though the parties remain divided on how to pay for the cuts.
Friedrich Merz on June 25. Photographer: Bernd Elmenthaler/dpa/AP Photo
Chancellor Friedrich Merz’s ruling coalition is preparing to back a proposal for a sweeping overhaul of Germany’s pension system, including politically sensitive measures such as a market-based savings component, tighter rules on early retirement and a gradual increase in the retirement age, people familiar with the matter said on Sunday.
Chancellor Friedrich Merz’s ruling coalition is preparing to back a proposal for a sweeping overhaul of Germany’s pension system, including politically sensitive measures such as a market-based savings component, tighter rules on early retirement and a gradual increase in the retirement age, people familiar with the matter said on Sunday.
Friedrich Merz, Germany's chancellor, left, and Lars Klingbeil, Germany's finance minister, deliver statements following an auto industry summit in Berlin, Germany, on Thursday, Oct. 9, 2025. Merz's ruling alliance agreed on new purchase incentives for zero-emission vehicles worth €3 billion ($3.5 billion) through 2029, part of his government’s broader effort to support the nation’s ailing carmakers.
The head of Germany’s state development bank warned that a rising tide of political extremism poses a threat to foreign investment in Europe’s biggest economy.
The head of Germany’s state development bank warned that a rising tide of political extremism poses a threat to foreign investment in Europe’s biggest economy.
Several European Union countries are expressing concerns about the bloc’s move to loosen budget rules as the Iran war squeezes markets, arguing the continent may be eroding its fiscal discipline.
Several European Union countries are expressing concerns about the bloc’s move to loosen budget rules as the Iran war squeezes markets, arguing the continent may be eroding its fiscal discipline.
The Berlaymont building, the European Union Commission headquarters in Brussels.
Chancellor Friedrich Merz’s coalition will attempt to overcome deep differences over a sweeping reform agenda in talks Wednesday as parties turn to a plan for a broad tax cut alongside potential hikes for higher earners.
Chancellor Friedrich Merz’s coalition will attempt to overcome deep differences over a sweeping reform agenda in talks Wednesday as parties turn to a plan for a broad tax cut alongside potential hikes for higher earners.
German Chancellor Friedrich Merz, center, attends a cabinet meeting on June 10. Photographer: Maryam Majd/Getty Images
Germany’s government is struggling to mobilize infrastructure spending from its flagship €500 billion ($582 billion) investment fund designed to revive Europe’s largest economy.
Germany’s government is struggling to mobilize infrastructure spending from its flagship €500 billion ($582 billion) investment fund designed to revive Europe’s largest economy.
The European Union’s six largest economies have agreed on a plan to implement a bloc-wide capital markets union, reaching a collective stance they say will help spur the continent to action after years of delay.
The European Union’s six largest economies have agreed on a plan to implement a bloc-wide capital markets union, reaching a collective stance they say will help spur the continent to action after years of delay.
German Finance Minister Lars Klingbeil prior to a meeting with finance ministers from Germany, France, Italy, Spain, the Netherlands and Poland, in Berlin on May 28. Photographer: Tobias Schwarz/AFP/Getty Images
The European Union’s six largest economies have agreed on a plan to implement a bloc-wide capital markets union, reaching a collective stance they say will help spur the continent to action after years of delay.
The European Union’s six largest economies have agreed on a plan to implement a bloc-wide capital markets union, reaching a collective stance they say will help spur the continent to action after years of delay.
German Finance Minister Lars Klingbeil prior to a meeting with finance ministers from Germany, France, Italy, Spain, the Netherlands and Poland, in Berlin on May 28. Photographer: Tobias Schwarz/AFP/Getty Images
The European Union’s six largest economies are advancing plans for a bloc-wide capital markets union, hoping their collective voice will spur the continent to action after years of delay.
The European Union’s six largest economies are advancing plans for a bloc-wide capital markets union, hoping their collective voice will spur the continent to action after years of delay.
Finance ministers from Poland, Italy, France, Germany, Spain and the Netherlands, in Berlin, on May 28.
The European Union’s six largest economies are advancing plans for a bloc-wide capital markets union, hoping their collective voice will spur the continent to action after years of delay.
The European Union’s six largest economies are advancing plans for a bloc-wide capital markets union, hoping their collective voice will spur the continent to action after years of delay.
Finance ministers from Poland, Italy, France, Germany, Spain and the Netherlands, in Berlin, on May 28.
The European Union risks walking into a Russian trap by discussing the possible appointment of a special envoy to negotiate with President Vladimir Putin, the bloc’s top diplomat said.
The European Union risks walking into a Russian trap by discussing the possible appointment of a special envoy to negotiate with President Vladimir Putin, the bloc’s top diplomat said.
Germany’s far-right party is vetting public workers ahead of a planned purge of civil servants if it takes control in an eastern region holding an election later this year, according to people familiar with the matter.
Germany’s far-right party is vetting public workers ahead of a planned purge of civil servants if it takes control in an eastern region holding an election later this year, according to people familiar with the matter.
Promotional pamphlets at a May Day AfD family fest in Schonebeck. Photographer: Jens Schlueter/Getty Images
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