Euro zone markets rally on reports that German parties agree fiscal deal
Euro zone shares and the euro rallied on Friday following news that German Chancellor-in-waiting Friedrich Merz reached an agreement with the Greens on a massive increase in state borrowing just days ahead of a parliamentary vote next week.
German Greens Party Source Says Agreement Reached on Debt Deal
An agreement has been reached on plans by German chancellor hopeful Friedrich Merz to massively ramp up public borrowing, a source from the Greens party said on Friday, adding: "We are satisfied." Greens' support is seen as crucial to Merz's bid to pass the debt plan with a two-thirds majority in Germany's outgoing parliament.
German parties agree on historic debt deal, source close to talks says
Germany's chancellor-in-waiting and leader of the Christian Democratic Union party (CDU) Friedrich Merz speaks during an extraordinary meeting of the German Bundestag, to discuss a €500-billion infrastructure fund and a revamp of borrowing rules aimed at modernizing the military and stimulating economic growth ahead of the formation of a new parliament at end of March,
Euro rallies on rising prospect of historic German debt deal
The euro rallied on Friday on rising prospects that German parties will agree a historic fiscal deal that could boost defence spending and revive growth in Europe's largest economy.The euro rose 0.49 per cent to $1.
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