19 March | Euro

German parliament passed debt rule reform

German parliament passed debt rule reform

Reuters reports that the outgoing parliament of Germany on Tuesday passed the bill, proposing a massive rise in government borrowing and changes of the country’s debt rules. 

The conservatives led by the future German Chancellor Friedrich Merz and the Social Democrats have proposed changing borrowing rules and creating a fund of €500 billion ($546 billion) to develop the country's infrastructure. Such steps are aimed at strengthening defense and boosting GDP growth in Germany, which is Europe's largest economy.

To secure the necessary majority of two-thirds in the German parliament, the conservatives and the Social Democrats had to include last minute demands of the Greens party in their reform plan, Reuters says.

According to the agency, the legislation will now go to the Bundesrat, which represents 16 states of Germany. The vote on the bill is to take place on Friday. Officials of the conservatives and Social Democrats said they expect the legislation to be passed.

Elena Dorokhina MarketCheese
Period: 21.10.2025 Expectation: 1500 pips
Buying AUDUSD near support
Today at 06:34 AM 5
Period: 20.10.2025 Expectation: 2500 pips
Silver keeps rising under pressure from fundamentals and technical signals
Yesterday at 11:53 AM 62
Gold buy
Period: 17.10.2025 Expectation: 7000 pips
Gold is swiftly recovering with $4,100 in sight
Yesterday at 09:07 AM 90
Period: 20.10.2025 Expectation: 1900 pips
S&P 500 is under pressure amid trade tensions and corporate earnings releases
Yesterday at 06:16 AM 33
Period: 17.10.2025 Expectation: 650 pips
AUDCAD consolidates near key support levels
10 October 2025 104
Brent sell
Period: 15.10.2025 Expectation: 90 pips
Selling Brent crude from $65.8 per barrel
10 October 2025 83
Go to forecasts