The multi-billion euro package for defense and infrastructure has cleared a decisive hurdle:

After lengthy negotiations, the parliamentary group leaders of the CDU/CSU, SPD and Greens have reached an agreement. The Bundestag could pass the package as early as next Tuesday.

The stock market reacted positively: $RHM (+4,38%) rises by five percent, $SMA records a rise of six percent, $KGX (-2,34%) rises by five percent, $TKA (-0,93%) rises by six percent and $BC8 (-3,32%) and can record an increase of nine percent.

If the Bundestag agrees, the bill still has to go through the Bundesrat. Here, too, a two-thirds majority is required for a resolution.

The negotiations took several days. Friedrich Merz had come a good deal closer to the Greens. On Thursday in the Bundestag, Merz offered to relax the debt brake not only for defense, but also for civil protection, civil defence and intelligence services. He also suggested earmarking part of the infrastructure loans for climate protection. However, the Greens had missed guarantees both for more money for the climate and that climate protection spending would actually increase.