100 billion euros for the Bundeswehr

Berlin (dpa) – Following settlement between the CDU/CSU and the coalition on the details of the deliberate 100 billion euro particular fund for the Bundeswehr, armaments are quickly to be ordered on a big scale. “An initiative to accelerate procurement will be launched without delay and before the parliamentary summer recess,” representatives of the SPD, Greens, FDP, CDU and CSU introduced in a joint commentary on Sunday night time after greater than 3 hours of negotiations.

Federal Finance Minister Christian Lindner (FDP), in whose ministry the negotiations were performed, advised the German Press Agency that during his view two targets were accomplished. “Firstly, we are strengthening the Bundeswehr in a unique show of financial strength,” Lindner stated. “Secondly, we are ensuring sound public finances by maintaining the debt brake enshrined in the Basic Law.” 

Chancellor Olaf Scholz (SPD) had introduced the particular fund and compliance with the so-called two % goal on 27 February based on Russia’s invasion of Ukraine. The particular fund is to be anchored within the Basic Law as a result of loans are to be taken out for it, bypassing the debt brake. This is why a two-thirds majority within the Bundestag and Bundesrat is needed – and thus the participation of portions of the opposition.

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