German Chancellor-in-waiting Friedrich Merz was set to make a last-ditch attempt on Friday to convince the Greens of his plans for a massive increase in state borrowing to bolster defence and infrastructure ahead of a parliamentary vote next week.

BERLIN — Germany’s chancellor-in-waiting in a fiery Bundestag debate Thursday urged Green lawmakers to pass constitutional amendments that would unleash up to €1 trillion in new spending to bolster the country’s military and invest in its economy.

The deal jointly proposed by the center-right CDU, whose leader Friedrich Merz is likely Germany's next chancellor, and center-left Social Democrats also calls for a €500 billion special fund for infrastructure spending.

German conservative leader Friedrich Merz reached a tentative agreement with the Green party on a debt-funded spending package for defense and infrastructure, people familiar with the discussions said.

Germany’s Greens are ready to negotiate and are hoping for an agreement by the end of this week in a dispute over defense spending with the country’s prospective next ruling coalition led by Chancellor-in-waiting Friedrich Merz.

Germany's Greens are open to talks on a massive defence and infrastructure spending package, but are awaiting a negotiating offer from the political parties that put forward the proposal, Green leader Felix Banaszak said on Tuesday.

Germany's Green Party, which is currently opposing plans to relax the country's debt rules and spend hundreds of billions on defence and infrastructure, is seeking to increase the pressure on its negotiating partners with its own proposal.