Germany's conservatives, SPD meet for talks on coalition as major spending hike eyed

Oliver Barth - Reuters - 04/03

Election winner Friedrich Merz wants to sew up a coalition with defeated Chancellor Olaf Scholz's SPD by Easter.

Summary

Talks touch on defence, infrastructure spending boost
Increased military spending in Europe becomes urgent after Trump freezes military aid to Ukraine
EU Commission proposes 150 billion euros for defence, part of 800-billion effort

BERLIN, March 4 (Reuters) - Germany's conservatives and Social Democrats (SPD) on Tuesday held talks on forming a coalition as hopes for buoying Europe's largest economy rose on the prospect of a nearly trillion euro borrowing boom to fund military and infrastructure spending.

Election winner Friedrich Merz wants to sew up a coalition with defeated Chancellor Olaf Scholz's SPD by Easter but both parties could try to push through special off-budget borrowing programmes even in the outgoing parliament this month.

The need for more military spending to improve Europe's own defence abilities has become urgent since the return to power of U.S. President Donald Trump, who froze military aid to Ukraine after a clash with its President Vol...
[Short citation of 8% of the original article]

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Source and Copyright images and texts: Oliver Barth - Reuters
Original link, read full article here: https://www.reuters.com/world/europe/germanys-conservatives-spd-meet-talks-coalition-major-spending-hike-eyed-2025-03-04/
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