October 15, 2016

Merkel announces major increase in German defense spending

Dear reader,

so far there isn't an article in English available, so the most important points from Merkel's speech at a conservative party convention will be translated here

As reported by German newspaper Die Zeit:

- Merkel promised president Obama to increase German defense budget to 2% of GDP, because US spends 3.4% and most security obligations/challenges are in Europe's neighborhood

- currently defense spending is roughly 1.2% of GDP

- spending already increased in 2016, but in the coming years will increase more significantly - 20 billion Euros needed in total to achieve target of 2% of GDP

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