Germany's "fiscal rocket launcher" faces its final test today.

On March 21, Jin Ten Data reported that Germany’s initiative to release 100s of billions of euros in debt financing for defense and infrastructure spending is expected to pass the final legislative hurdle on Friday, when members of the German upper house will vote on these measures. Once the Federal Senate, representing Germany’s 16 federal states, approves the bill, the president can sign it and submit it for publication in the Federal Law Gazette. On Tuesday, the conservative party led by the incoming Chancellor Merz teamed up with the Social Democrats and the Greens to push this unprecedented investment plan through the lower house, and jointly controlled enough votes in the Federal Senate to ensure the plan receives support at the last moment, barring any unforeseen circumstances.