Germany's landmark spending bill wins final lawmaker approval [Fortune]
THYSSENKRUPP AG S/ADR (TKAMY)
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Source: Fortune
Friday when lawmakers in the upper house of parliament in Berlin approved the measures. An alliance of Chancellor-in-waiting Friedrich Merz's conservatives, the Social Democrats and the Greens rammed the unprecedented investment package through the lower house on Tuesday and together controlled enough votes in the Bundesrat, where Germany's 16 federal states are represented, to ensure its backing there too. The bill passed with 53 votes in favor, more than the required two-thirds majority of 46 and paving the way for President Frank-Walter Steinmeier to sign it and submit it for publication in the Federal Law Gazette Investors have been closely watching the passage of the measures, which end decades of German austerity and usher in a new p
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