Germany has just passed a major reform to its constitutional debt brake, unlocking billions of euros in funding. One model shared with CNN suggested that over a 10-year period, with Germany spending 3.5% of GDP, it could amount to €600 billion ($652 billion).

A newly signed law in Germany effectively eliminates the "debt brake" and is set to be published in the Federal Law Gazette. Read also: German Chancellor Merz and Green Party reach deal on major defense borrowing increase in Germany Under the new regulations,

Germany's budget committee approved a €3 billion military aid package for Ukraine, following reforms led by chancellor-in-waiting Friedrich Merz. The aid includes existing and future commitments bringing the total to over €11 billion,