Spending a Trillion Euros Is Harder Than It Looks in Germany

Investment in infrastructure and military isn’t straightforward in a country that often struggles to get things done.

Photos: Bloomberg (1), Getty Images (3)

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German Chancellor-in-waiting Friedrich Merz has locked in political backing for a grand plan to ramp up investment in its infrastructure and military.

Now he needs to spend the money, and that’s not straightforward in a country that often struggles to get things done.