Germany has reached an agreement with the European Commission on a multi-year fiscal plan that allows the country to ramp up investment now while committing to tighten spending in later years, a senior German official told POLITICO. The deal forms part of Germany’s Fiscal-Structural Plan (FSP) under the EU’s revamped Stability and Growth Pact and sets out a path for government net spending through 2029. “In constructive talks with the European Commission,” the official said, “the German government successfully agreed on a multi-year path for the maximum permissible growth in general government net primary expenditure ... (full story)