Germany to set up €100bn fund to boost its military strength

Chancellor Olaf Scholz says urgency of Ukraine crisis has forced decision to increase defence spendingUkraine Russia news: latest updatesIn a historic announcement to parliament the German chancellor, Olaf Scholz, has said a fund of €100bn (£85bn) will be set up immediately in order 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 the decision to invest in the German 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…

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 in order 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 the decision to invest in the German 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…

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