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BNP Paribas Asset Management

2024 Top 500 ranking: 36

German fiscal expansion – Whatever it takes!

German fiscal expansion – Whatever it takes!

On 4 March, Friedrich Merz, Germany’s chancellor-in-waiting, proposed a constitutional amendment that would pave the way for an extensive programme to boost defence spending and overhaul German infrastructure. By employing, in English, the phrase “whatever-it-takes”, Merz made sure there was no doubt about the scale of his intentions.

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