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Home Business News Germany set to rearm by tens of billions which has not been seen since World War II

Germany set to rearm by tens of billions which has not been seen since World War II

by LLB staff reporter
5th Mar 25 3:43 pm

The next German Chancellor Friedrich Merz has announced that Berlin will vastly rearm which has not been seen since World War II.

Merz said the German government is set to massively increase their defence spending by hundreds of billions over the coming years.

Merz said it is possible that future coalition partners from the center-left Social Democrats (SPD) want to see a boost in defence spending.

Zeit newspaper reported on Wednesday, โ€œThere are moments in which the history of a country takes an unexpected turn,โ€ and the Chancellorโ€™s plans โ€œmay turn out to be one such moment.โ€

Manuela Schwesig, a senior Social Democrat has said she expects Germany will double its defence budget to at least โ‚ฌ100 billion a year.

Merz is wanting to set up a โ‚ฌ500 billion fund to upgrade the countryโ€™s infrastructure which in turn will bring Germany out of their recession.

The Kyiv Post reported, that Sebastian Dullien, director of the IMK economic research institute said if Merzโ€™s plans happen then this could be a โ€œreal game changerโ€ which will โ€œovercome Germanyโ€™s economic stagnation.โ€

The Defence Secretary Boris Pistorius said these plans hails a โ€œhistoric day for the army and for Germamny.โ€

Der Spiegel magazine reported that as it appears Washington has turned โ€œopenly hostileโ€ to Europe it is now Berlinโ€™s โ€œduty as the most populous, most economically powerful country on the continent… to bring Europeans together, to lead them and spur them on in ensuring their own security.โ€

Jacob Rossย of the German Council on Foreign Relations told AFP there is a lot of questions.

He told AFP, โ€œWho is going to build the necessary weapons? Does Europe have access to the necessary raw materials? What will happen to inflation when such sums are pumped into the economy?โ€

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