Germany's parliament approved plans for a massive spending surge on Tuesday, throwing off decades of fiscal conservatism in hopes of reviving economic growth and scaling up military spending for a new era of European collective defence.

The likely next chancellor of Germany, Friedrich Merz, announced on Friday, March 14, that he had secured enough votes to enable a massive new expenditure plan aimed at infrastructure and

Germany's lower house of parliament is set to vote on Tuesday on a massive surge in borrowing that could boost Europe's largest economy and stimulate growth across the region, even as it faces trade tensions with top partner the United States.