Germany’s spending gamble

For decades Germany was allergic to debt. But new chancellor Friedrich Merz has - unexpectedly - loosened the country’s constitutional debt brake, injecting hundreds of billions of euros into the armed forces and infrastructure. The move, he hopes, will revive Europe’s largest economy and build up its military as Donald Trump’s US administration dismantles the transatlantic relations that underpinned Germany’s postwar recovery. The FT travels to Frankfurt and Berlin to examine why investment in crumbling schools, roads and rail infrastructure - and defence - is needed and to ask if the spending gamble will kickstart Germany's economic engine.

Country:
Genre:

Documentary

Duration:

25 minutes

Year:

2025

Director:

Daniel Garrahan

Cast:
Friedrich Merz

Self

Olaf Storbeck

Self

Armin Steinbach

Self

Martin Wolf

Self

Philippa Sigl-Glöckner

Self

Crew:
Petros Gioumpasis

Director of Photography

Russell Birkett

Graphic Designer

Alexandr Vladkov

Research Assistant

Silke Richter

Research Assistant

Veronica Kan-Dapaa

Commissioning Editor