Germany's ‘Whatever It Takes' Powers European Markets
By , Sagarika Jaisinghani, and Alice Atkins
Corrected
March 5, 2025 at 7:16 AM EST
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Germany's extraordinary spending plans are shaking up the region's markets, powering European equities past US peers this year and reviving the euro from the brink of parity with the dollar.
Chancellor-in-waiting Friedrich Merz said Germany would do ' whatever it takes ' — a catchphrase made famous by former European Central Bank chief Mario Draghi — to defend the country and amend the constitution to exempt defense and security from limits on fiscal spending.
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