BERLIN - German Chancellor-in-waiting Friedrich Merz is set to make new concessions to the Greens on Friday in a last-ditch attempt to convince them of his plans for a massive increase in state borrowing ahead of a parliamentary vote next week.

By Holger Hansen, Markus Wacket and Andreas Rinke BERLIN (Reuters) -German Chancellor-in-waiting Friedrich Merz reached an agreement with the Greens on Friday on a massive increase in state borrowing just days ahead of a parliamentary vote next week,

An agreement has been reached on plans by German chancellor hopeful Friedrich Merz to massively ramp up public borrowing, a source from the Greens party said on Friday, adding: "We are satisfied." Greens' support is seen as crucial to Merz's bid to pass the debt plan with a two-thirds majority in Germany's outgoing parliament.