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Chancellor Olaf Scholz on Sunday announced a major boost to German military spending — the latest in a series of dramatic policy shifts by Berlin in response to Russia’s war on Ukraine.
Speaking at an emergency session of the German parliament to discuss the war, Scholz said that his government would set up a special €100 billion fund to swiftly upgrade its armed forces and that Germany will in future adhere to the NATO goal of spending 2 percent of GDP on defense.
Describing Russia’s invasion of Ukraine as “a turning point in the history of our Continent,” Scholz told lawmakers that “it is clear that we need to invest significantly more in the security of our country in order to protect our freedom and our democracy.”
“We will from now on, year for year, invest more than 2 percent of our gross domestic product in our defense,” Scholz said. His remarks were met with loud applause by lawmakers.
Germany currently spends around 1.5 percent of GDP on defense and the current coalition government had previously been reluctant to commit to the 2 percent target, despite pleas from NATO allies.
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Chancellor Olaf Scholz accuses Vladimir Putin of trying to create new ‘Russian empire’ through force.
www.politico.eu