"Manuela Schwesig, a senior Social Democrat, has said she expects Germany will double its defence budget to at least â¬100 billion a year."
"Sebastian Dullien, director of the IMK, stated that if Merz's plans materialize, it could be a 'real game changer' for Germany's economic stagnation."
Friedrich Merz, the next German Chancellor, has announced a significant rearmament plan, marking a historical shift in Germany's defense policy since WWII. The government aims to boost defense spending by hundreds of billions, potentially doubling the annual budget to â¬100 billion. Merz is also establishing a â¬500 billion fund to enhance infrastructure, aiming to revitalize Germany's economy. Reports suggest that these plans might set a precedent for European security leadership amidst shifting international dynamics. However, there are concerns about resources, inflation, and production capabilities within Europe.
Read at London Business News | Londonlovesbusiness.com
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