German Chancellor-in-waiting Friedrich Merz reached an agreement with the Greens on Friday on a massive increase in state borrowing just days ahead of a parliamentary vote next week, Reuters reported,

German lawmakers have reached an agreement to exempt some defense spending from the nation’s tight rules on running up debt.

Germany 's likely next chancellor urged lawmakers Thursday to exempt some defense spending from the nation’s tight rules on running up debt, an issue of growing urgency as doubts increase about the U.