Germany’s envoy to Brussels has asked the EU to relax its fiscal rules to increase spending on defense to counter Russia, according to reports by Bloomberg. This initiative represents a significant paradigm shift in Germany’s fiscal policies from their traditionally austerity-driven approach and aligns with recent plans to modify their strict domestic fiscal rules. Additionally, in this report, the EU is set to announce a renewed strategy aimed at revitalizing its underperforming automotive sector.

Source: https://www.france24.com/en/tv-shows/business/20250306-germany-calls-for-easing-of-eu-fiscal-rules-ahead-of-european-emergency-summit