Merz has paid a high price to pass Germany’s spending package

Yesterday, the German parliament approved a historic amount of debt-funded investment in defence and infrastructure. Over the next few years, Germany may spend up to €1 trillion (£841 billion) on its depleted military and crumbling roads, buildings and train tracks. These eyewatering amounts of money are intended to act as the glue with which to bind the country’s prospective coalition together. But they also give an indication of how much of their own programme the election-winning conservatives are willing to sacrifice in exchange for power. The likely next chancellor, Friedrich Merz, now starts on a credibility deficit. He’ll have to work hard to get back into the good books of conservative voters.

Few Germans would disagree that their country is in desperate need of investment. In recent polling, three-quarters of people said they approve of higher spending for the Bundeswehr, Germany’s armed forces, and of a debt-funded boost for infrastructure.