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German military spending has been in the news a lot in recent days, which isn't always a good

thing. The political parties that are expected to form Germany's next government agreed

this week to overhaul borrowing rules creating a 500 billion euro infrastructure fund, exempt defence

spending above 1% of GDP from Germany's strict constitutional borrowing limit and

loose and debt rules for states. This is a massive shift in spending to revamp the German

military and revive growth in Europe's largest

economy. America's turn away from its traditional allies towards Russia and its move away

from free trade may be the biggest shift in global trade relations since the collapse

of the Bretton Woods Agreement, according to Reuters, and may have sparked

the most dramatic shift in German fiscal policy since its reunification.

Friedrich Mertz, whose Conservatives won Germany's election last month, is planning to push

these spending changes through Parliament before new lawmakers take their seats

in a few weeks. This is a bit unusual as Mertz won't become Chancellor until then, but the

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