US EditionGermany Set for Massive Rearmament as Divide With US Widens
- Germany plans a huge military rearmament with an annual defense budget increase of 100 billion euros, as announced by Friedrich Merz, leader of the Christian Democratic Union party.
- The increase requires Germany to override its debt brake rule, marking a significant shift in fiscal policy since World War II.
- Germany's proposals include a 500-billion-euro fund for upgrading infrastructure to help pull the economy out of two years of recession.
- Current Defense Minister Boris Pistorius called the plans a historic day for Germany's military, emphasizing the change in Germany's defense stance.
76 Articles
76 Articles
News24 Business | ANALYSIS | Tanks not cars: how a pivot to defence could help Germany's economy
German defence companies seeking more capacity as Europe prepares to raise military spending are eyeing the ailing car industry, the first sign of a shift that could help revive the continent's biggest economy after two years of
A brutal sell-off swept through global bond markets this week after the next German government committed to a trillion-euro military and infrastructure spending package. The loan-backed package is helping Germany's economy recover, but it is making government and corporate lending more expensive globally.
In case a challenge were not enough — like supporting Ukraine in the midst of Hurricane Trump — the extraordinary European Council of last day 6 proclaimed the willingness of the Twenty-Seven (including Hungary and Slovakia) to definitively activate the process to achieve, in the words of the next German Chancellor, Friedrich Merz, independence from the United States in terms of security and defence, before letting itself be carried away by the …
The future German Chancellor does not want to lose a minute. Stuck by the announced disengagement of the United States in the defence of Europe, the Federal Republic has made a double turn at 180 degrees, abandoning budgetary rigour to build a real army.
In Germany, before the formation of a new government, the Union and SPD have agreed on groundbreaking financial decisions. The aims of the unprecedented measures are to strengthen the defence capacity and necessary investments in infrastructure.
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