Germany’s outgoing parliament approved on Tuesday’s plan to wait for Chancellor Friedrich Mertz to massive government borrowing, which includes radical changes to the “debt brake”, removing decades of fiscal conservatism in the hope that this will increase.

Bundestag’s approval is a major victory for Mertz as it secures hundreds of billions of euros in funds to increase investment and give a new impetus to the European Union’s biggest economy after two years of recession.

It is recalled that Merz’s CDU/CSU alliance and the Social Democrats, who are in talks on the formation of a government after last month’s elections, secured the consent of the Greens on the plan last week, which provides for the establishment of a € 500 -euro Rejuvenation of growth.

“We have had a wrong sense of security for at least a decade,” Mertz said before the German Parliament before the vote. “The decision we make today on defense readiness … can be nothing less than the first major step for a new European defense community,” he added.

The upper parliament of the German Parliament now takes the baton, Bundesratwhich represents the 16 states of Germany, where the voting is to take place on Friday.

Senior Conservatives and Social Democrats said the plan was expected to obtain the approval of the House of Representatives as the Bavarian free voters agreed to support the plan.

Mertz’s conservatives and the Socilademis have been engaged in a race to approve the plan by the outgoing parliament fearing that the new parliament, which is being set up on March 25 and where the far -right and far -left would have an expanded presence, could block it.

“This decision has the opportunity to push our country’s history in a new direction, to provide a positive new beginning for Germany, a positive yes to Europe,” said SPD chief Lars Clingbail.

“Europe is next to an aggressive Russia and on the other, against the unpredictable United States of America.”