Germany Says New Debt Needed to Strengthen Defence

By admin September 8, 2026 No comment

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Germany needs to take on new debt to strengthen its defence and infrastructure, Finance Minister Lars Klingbeil said while defending the government’s 2027 budget. He argued that increased borrowing is necessary to address growing security threats and years of underinvestment. Germany plans to borrow €838.2 billion between 2027 and 2030, while total investment is

SPD Urged to Prioritize Reforms After Election Setback

By admin March 23, 2026 No comment

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Germany’s Social Democratic Party (SPD) leadership said the party must focus on advancing promised tax and social welfare reforms following a heavy loss in the Rhineland-Palatinate state election. Co-leaders Finance Minister Lars Klingbeil and Labour Minister Baerbel Bas described the defeat as “catastrophic” but stressed that internal personnel debates

Germany’s Finance Minister Urges “European Patriotism” to Safeguard Economy

By admin January 14, 2026 No comment

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Germany’s finance minister Lars Klingbeil has called for a new era of “European patriotism” to protect the continent’s economic interests amid rising global tensions. Speaking at a lecture in Berlin, Klingbeil proposed that companies receiving state aid should be required to keep jobs within Europe and that public procurement policies should prioritise goods produced in

Google to Invest $6.4 Billion in Germany’s Cloud Infrastructure Expansion

By admin November 12, 2025 No comment

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Alphabet’s Google has announced plans to invest €5.5 billion ($6.4 billion) in Germany between 2026 and 2029 to strengthen its cloud infrastructure and data centre capacity. The investment includes building a new data centre in Dietzenbach near Frankfurt and expanding its existing facility in Hanau, both located in the state of Hesse. The initiative is […]