. | . |
Germany announces 'significant' hike in defence budget by Staff Writers Berlin (AFP) July 6, 2018 German Finance Minister Olaf Scholz Friday pledged to raise defence spending sharply next year but the amount falls well short of US President Donald Trump's demands for NATO allies to pay their way. Europe's economic powerhouse Germany and other NATO members have been reluctant to meet a commitment made in 2014 to spend two percent of GDP on defence by 2024. "We are continuing the turnaround in defence spending, in 2019 alone we will spend four billion euros ($4.7 billion) more than we previously planned," Scholz told journalists in Berlin. The increase will boost the military budget to 42.90 billion euros -- a "significant increase" and "clear sign" of Germany's commitment to its international obligations, he said. But following years are set to see spending slow sharply. The 2019 budget approved by Chancellor Angela Merkel's cabinet calls for defence outlays of 42.93 billion euros in 2020, 43.88 billion in 2021 and 43.86 billion in 2022. The figures are well short of the 2.0 percent of GDP target. Next year the ratio will hit 1.31 percent, before falling back to 1.23 percent by 2022. NATO leaders are meeting in Brussels next week and Trump has written to Germany and seven other nations asking them to live up to their budget pledges. Merkel acknowledged on Wednesday that her country must do more. "Compared with what others are doing as a proportion of their GDP, it's far from enough. That's why we've committed ourselves to spending 1.5 percent of GDP by 2024," she told parliament.
No plan for US troops to leave Germany: White House Washington (AFP) July 5, 2018 The White House reaffirmed Thursday that there are no plans to withdraw or transfer US troops stationed in Germany - and that the issue would not be on the agenda of next week's NATO summit. "There is nothing being said at all about the troop alignment in Germany or anything that would change the 32,000 troop force that we have in Germany," said a senior administration official, speaking on condition of anonymity. US troops have been stationed in Germany since World War II, and the country serv ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |