Dispute of billions of financial package: Greens say no to the Union and SPD!

Dispute of billions of financial package: Greens say no to the Union and SPD!

The Union and SPD's billion -dollar financial package is on the brink, since the Greens clearly speak out against the planned change of Basic Law. Katharina Dröge, the leader of the Greens' parliamentary group leader, announced on Monday that her party was not willing to finance the “election gifts” of the CDU, CSU and SPD. Union and SPD plan to reform the debt brake in the Basic Law for more defense and infrastructure editions, which is controversial. Dröge and her co-chair Franziska Brantner emphasize that the Greens want to demand a sustainable reform of the debt brake and do not want to support a "treasure chest" for tax relief, as they have mentioned, the Krone .

The opposition voices ensure that the reform faltered. Union and SPD want loans to be exempted from the debt brake for all defense spending over one percent of gross domestic product. This would allow, estimated, expenditure of around 43 billion euros. For the planned infrastructure investments, you also want to create a credit -financed special fund of 500 billion euros. However, without the consent of the Greens, which require a two -thirds majority in the Bundestag, the reform could be doomed to fail. This is already critically commented by various Greens politicians who will not simply accept "election gifts", as the Tagesspiegel reported. The new Bundestag meets on March 25, which increases the pressure on the coalition partners, to reach an agreement.

The negotiators of the Union and SPD are under time pressure, because they need the voices of the Greens to decide on the reform in the old Bundestag. CDU boss Friedrich Merz announced further negotiations to possibly bring concessions regarding climate protection and thus to gain the approval of the Greens. According to the deputy CDU chairman, Karin Prien, the points mentioned by the Greens are discussed to ensure that the special fund is actually used for relevant investments. The outcome of these negotiations could be decisive for the future of German financial policy.