Germany's newly elected conservative coalition seeks to establish a significant defence fund as geopolitical pressures mount. Outgoing Chancellor Olaf Scholz's €100bn fund is nearly exhausted, prompting discussions about a possible €200bn fund. CDU leader Friedrich Merz emphasizes the need for Europe to independently enhance its military capabilities, especially against threats from Russia and the unpredictability of the US. As the new Bundestag may face opposing views on military spending, final approvals could happen before the current parliament dissolves in March.
Germany's new defence fund initiative comes at a critical time, highlighting the need for enhanced European military capabilities to respond to geopolitical challenges.
With the CDU/CSU alliance now in power, urgent discussions are underway about significant new military funding due to pressure from both NATO and geopolitical rivals.
The current €100bn defence fund, established in response to the Ukraine invasion, is depleting, prompting calls for an expanded fund that could reach €200bn.
Friedrich Merz emphasizes that Europe must ramp up its defence spending amid declining military capabilities and shifting geopolitical tensions, especially with Russia.
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