Merz Said to Reach Tentative Deal With Greens on German Debt

German conservative leader Friedrich Merz reached a tentative agreement with the Green party on a debt-funded spending package for defense and infrastructure, people familiar with the discussions said.

The deal needs to be approved by party lawmakers, the people said on condition of anonymity as negotiations go on behind closed doors. Merz’s Christian Democratic-led bloc, the Social Democrats and the Greens have called meetings with their lawmakers for 1 p.m. local time.