2025-01-21 11:00:08
Politics
Ukraine
Economy
Germany's Policy Shift Amid Global Tensions
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DER SPIEGEL
Defense Spending: Friedrich Merz Wants to Spend 2% of GDP on Armaments - DER SPIEGEL
Politics
Economy
CDU chancellor candidate Merz wants to increase defense spending to 2% of GDP in order to meet the NATO target. For this, the budget gap of 30-40 billion euros is to be closed through reforms in the citizen's income and economic growth, without loosening the debt brake. Germany reached 2% for the first time in decades in 2024 through a 100 billion euro special fund after Russia's attack on Ukraine. According to the Federal Statistical Office, GDP fell by 0.2% in 2022. Habeck demands 3.5%, Trump..
n-tv.de
Defense Spending: Merz Commits to Two Percent Target
Politics
Economy
Union's chancellor candidate Friedrich Merz aims for Germany to reach defense spending of two percent of GDP in order to fulfill NATO's two percent guideline. To achieve this, a budget gap of 30-40 billion euros per year would need to be closed.
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