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Germany's Defense Budget Does Not Match its Promises
2024-07-19 19:55:08
Politics
Conflicts

Germany's Defense Budget Does Not Match its Promises

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Despite Chancellor Olaf Scholz's promise to step up militarily, Germany's proposed 2025 defense budget shows only a modest increase. Defense Minister Boris Pistorius, who sought a larger increase, was given only 1.2 billion euros more.

Pressure from allies, due to Russia's war in Ukraine and Donald Trump's momentum, has caused Germany to face criticism for not fulfilling its NATO promises. The budget also proposes cutting military aid to Ukraine by half in 2025, drawing further criticism.

Finance Minister Christian Lindner suggests Ukraine can rely on a fund backed by frozen Russian assets. Concerns arise that Germany lacks the will to overcome its historical reluctance to take a military lead.

Related news on that topic:

Pistorius Vows to Secure More Funding for Soldiers

German Defense Minister Boris Pistorius has pledged to continue fighting for a larger defense budget to meet the needs of the Bundeswehr. Pistorius expressed disappointment with the coalition's budget planning, emphasizing the urgent need for more funds. Despite the compromise reached by the government, Pistorius highlighted that the defense budget would need to increase in the coming years. He warned that Russia could potentially pose a threat to NATO territory and emphasized the need for the rapid modernization of the Bundeswehr. Pistorius also stressed the strategic importance of space for Germany's defense and advocated for increased presence in the space domain. However, the proposed defense budget for 2025 shows only a modest increase, raising concerns about Germany's ability to fulfill its NATO commitments. Critics argue that the budget cuts to military aid for Ukraine will hinder Germany's military role and question the government's resolve to take a stronger stance militarily.

Ukraine War: Updates on Drones, Military Tax, Power Outages, ... and Diplomacy

Ukraine is increasing the supply of drones to its army, potentially surpassing Russia in drone numbers. The Ukrainian government plans to raise the military tax from 1.5% to 5% on income to finance the fight against Russia. The German Ambassador in Kyiv reports that power outages are a daily occurrence, impacting people's lives and industrial production. The trial against US reporter Evan Gershkovich for alleged espionage is nearing its end, with closing arguments expected soon. British Prime Minister Keir Starmer has invited Ukrainian President Zelenskyy to address his Cabinet and discuss curbing Russia's 'war machine.' Zelenskyy has discussed the prospects of joint defense production with British companies. He also thanked King Charles for his audience and urged Western allies to use their own means to shoot down Russian missiles and drones. The Ukrainian General Staff has released new casualty figures for Russian troops in Ukraine, and Chancellor Scholz announced plans to fight Russia's 'shadow fleet' of old tankers. NATO Secretary General Stoltenberg called for continued US support for Ukraine, while Chancellor Scholz rejected Zelenskyy's request to shoot down Russian missiles and drones. Ukraine's AI-enabled war drones are being developed to counter signal jamming and achieve higher strike rates.

Read 4 more recent news on this topic

The press radar on this topic:

New York Times - World
19. Juli 2024 um 03:41

Germany Promised to Step Up Militarily. Its Budget Says Differently.

Politics
Germany's proposed 2025 defense budget shows modest increase despite Chancellor Olaf Scholz's 'Zeitenwende' pledge; Defense Minister Boris Pistorius sought larger increase, but was given only 1.2 billion euros more; Pressure from allies to step up military role amid Russia's war in Ukraine and Donald Trump's momentum; Budget proposes cutting military aid to Ukraine by half in 2025, drawing criticism that it won't enable Germany to fulfill NATO promises; Finance Minister Christian Lindner says..
finews.ch: Treffpunkt der Finanzwelt
19. Juli 2024 um 13:00

Beat Wittmann: «The Swiss political landscape suffers from a denial of reality»

Politics
Finance
Economy
The issuance of Swiss Federal Defense Bonds would be the most efficient way to raise the urgently needed funds for the military. The launch of defense bonds would also be positive for the Swiss financial center, which could take a pioneering role in Europe in this field, writes Beat Wittmann in his exclusive contribution for finews.first. In this section, authors take a stance on economic and financial topics. The rivalry between the US and China dominates geopolitics. At the same time, NATO is..
n-tv.de
19. Juli 2024 um 15:04

Rearmament of the Bundeswehr: Pistorius wants to buy more submarines for the Navy - n-tv.de

Politics
Technology
Germany has ordered two submarines of the 212CD class and has a purchase option for four to six more for up to four billion euros; Pistorius wants to strengthen the operational readiness of the Navy, invests 500 million euros in Eckernförde, refers to an online campaign, undertook a dive and observed a military evacuation operation; the rearmament is of essential value in view of the threat posed by Russia.
New York Times - Americas
19. Juli 2024 um 16:00

Canada Pledges to Meet NATO Spending Goal. It Won’t Be Easy.

Politics
Economy
Canada, the world’s second-largest country by area and one of its seven wealthiest economies, commits to meet its NATO pledge to bolster military spending by 2032. The commitment faces criticism for its timeline and the challenge of convincing citizens to prioritize defense funding over public services. The slow pace of global military hardware production contributes to the difficulty of fulfilling the pledge. Prime Minister Trudeau's defense pledge may not be binding if he loses the upcoming..
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