Episode Details

Germany’s national debt soars to 2.78 trillion euros as the government unveils a 2027 budget pushing defense spending to over 109 billion euros — a sharp rise justified by rising geopolitical threats. To fund this, they’re drawing from two massive special funds: one for infrastructure and climate (500 billion euros over 12 years), another for military buildup, aiming for 5% of GDP by 2035. Rising debt servicing costs — projected at 80 billion euros by 2030 — add pressure, prompting new taxes on plastic, sugar, tobacco, alcohol, and the wealthy. But even these may fall short, forcing cuts to social security and development aid — a move sparking backlash from unions and environmental groups as the budget heads to parliament for debate.

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