Germany Approves Massive Increase In Defense Spending

 

DW: Germany commits €100 billion to defense spending 

Germany has announced a plan to prioritize military spending in light of Russia's invasion of Ukraine. A "special fund" will be set up to better equip the Bundeswehr. 

German Chancellor Olaf Scholz announced a plan to beef up the German military on Sunday, pledging €100 billion ($112.7 billion) of the 2022 budget for the armed forces and repeating his promise to reach the 2% of gross domestic product spending on defense in line with NATO demands. 

Scholz announced the new allocation in a speech during a special session of parliament on Germany's response to Russia's invasion of Ukraine. He said the spending would include investments and armaments projects for the German military. 

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WNU Editor: I am old enough to remember when former President Trump was rebuffed by Germany a few years ago to increase their defense spending. What a difference an invasion makes.

 

Germany Approves Massive Increase In Defense Spending  

Germany to raise defence spending sharply in response to 'Putin's aggression' -- France 24  

Germany hikes defense spending over 2% of GDP after Russian aggression -- FOX News  

German defence shares soar after €100bn pledged for armed forces -- Financial Times 

'New era': Scholz pledges €100bn boost to German defence spending -- Euronews  

Scholz proposes 100 billion euro defense fund, vows to exceed NATO spending goal -- Defense News  

German chancellor says Russia will pay "high price" as he boosts nation's military funding -- CNN  

Germany boosts defence spending in response to Russia’s war on Ukraine -- Euractiv  

Germany to set up €100bn fund to boost its military strength -- The Guardian