Reminder: Germany's spending plan is not a done deal just yet ...Middle East

Merz himself was rather frustrated to the point that he voiced out saying "what more do you want from us in so short a time?".

The proposed vote for the spending bill is supposed to be 18 March but if there is no clear support, things might get dragged for longer. As a reminder, Merz needs two thirds majority in parliament.

If there is no agreement here, it will be a sort of waterfall effect for Germany and the euro. With no debt brake reform, it could even threaten coalition talks and lead to further political limbo in the country. That's the worst-case scenario of course.

This article was written by Justin Low at www.forexlive.com.

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