
Record EU Defence Spending Amid Global Security Fears
Europe earmarks €130 billion for new weaponry and war readiness.

Europe earmarks €130 billion for new weaponry and war readiness.

Spending on Germany’s armed forces is expected to reach 162 billion euros in 2029, more than triple Germany’s defence budget before the war in Ukraine.

Facing pressure to meet NATO commitments, a group of EU countries will now be allowed to take on extra debt to fund military upgrades.

The floodgates are open: debt-financed stimulus is once again the weapon of choice against recession.
Prime Minister Kyriakos Mitsotakis said the move is a response to “fraying transatlantic ties.”

“Absurd:” CDU and SPD aim to have debt-funded military and infrastructure spending approved before the new Bundestag forms.