Chancellor Olaf Scholz says urgency of Ukraine crisis has forced decision to increase defence spending
In a historic announcement to parliament, the German chancellor, Olaf Scholz, has said a fund of €100bn (£85bn) will be set up immediately to boost the strength of the country’s armed forces, as he also announced a sustained increase in defence spending over the coming years.
Scholz admitted that the urgency of the Ukraine crisis had forced Germany’s decision to invest in the military, telling the emergency session of the Bundestag: “It is clear that we must invest significantly more in the security of our country, in order to protect our freedom and democracy.”
Continue reading…
Source: The Guardian