Germany to invest €130 billion in defence
German will invest €130 billion in the Bundeswehr over the next 15 years, defence minister Ursula von der Leyen announced on 27 January.
She said that the aim should no longer be for equipment procurement to fit in a tight corset, but instead to fit more flexibly according to the tasks of the Bundeswehr and with the ability to react to challenges and uncertainties.
‘We need long-term and reliable financing of the Bundeswehr,’ she told the defence committee of the Bundestag, Germany's parliament.
Under the new defence investment plan, an average of €8.6 billion per year will be spent on the procurement of
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