German Court Approves Merz's Extensive Borrowing Plans

Germany's constitutional court dismissed multiple challenges from opposition parties regarding a proposal from the potential coalition government to implement a significant public spending plan in the current parliament, the court announced on Friday. This ruling clears the path for the parliament to assemble next week to review the initiatives put forth by conservative election victor Friedrich Merz, who aims to overhaul constitutional debt regulations and establish a 500-billion-euro ($545-billion) infrastructure fund. Merz's conservative alliance, along with the Social Democrats, in their bid to lead the next German government, have secured the backing of the Greens to pass these measures with a two-thirds majority in the current parliament.