February 17, 2024

Germany’s defense minister said on Saturday that his country’s commitment to spend 2% of GDP on defense was just the starting point and that more would likely be needed.

Earlier in the day, German Chancellor Olaf Scholz insisted that the 2% spending target would be met “in the 2020s, in the 2030s and beyond.”

However, Boris Pistorius, Germany’s federal minister of defense, stressed that spending 2% was always designed to be a minimum.

Read more:

https://www.cnbc.com/2024/02/17/germanys-defense-minister-boris-pistorius-says-2percent-defense-spending-just-the-start.html