Germany is about to enter what its next chancellor, Friedrich Merz, calls a historic “whatever it takes” moment of significant fiscal expansion to ramp up military spending and boost its economy, which is denting the appeal of the U.

The defence industry also stands to gain. Under the prospective coalition's plans, Germany's strict cap on borrowing known as the 'debt brake' would be amended in the constitution to exempt defence expenditure above 1% of economic output.

The two political parties expected to form the next German government have agreed to significantly loosen the country’s constitutional restriction on deficits, enabling 1 trillion euros ($1.08 trillion) or more in new borrowing and spending on defense and infrastructure.

Germany's likely chancellor-to-be announces a political deal to raise hundreds of billions of euros in extra spending.

Germany will unlock hundreds of billions of euros for defense and infrastructure investments in a dramatic shift that upends its ironclad controls on government borrowing. Chancellor-in-waiting Friedrich Merz said on Tuesday night that Germany would amend the constitution to exempt defense and security outlays from limits on fiscal spending to do “whatever it takes” to defend the country.

Germany's likely next chancellor Friedrich Merz said Tuesday that his centre-right CDU/CSU and the centre-left Social Democrats (SPD) would propose an unprecedented package of billions of euros in ext

Tesla car sales in Germany fell by 76% in February, data showed on Wednesday, adding to the collapse in sales of Elon Musk's EV brand across Europe in what could be a loyalty test for the close ally of U.

Tesla has its second straight difficult month in Germany, as data released Wednesday showed that vehicle registrations fell 76% in February in Europe’s largest economy.

Tesla Inc.’s registrations plummeted in Germany last month as Chief Executive Officer Elon Musk irked voters taking part in the country’s closely contested federal election.