Germany is spending 51.8 billion euros on defense this year from its regular budget. Berlin is also drawing from a 100 billion euro emergency fund to push the total spending above the two percent of GDP target. That is the plan going forward in order to meet the two percent target and should mean that Berlin is able to hit the much-discussed target through 2028.
Despite all the endless warnings over the threat of Russian hordes rolling across Europe to the English channel, the fact is that this additional spending makes little difference in Germany’s overall military readiness to take on the Russians. What the additional money does do, however, is help further enrich a lot of (primarily American) private equity stakeholders.
