German Chancellor Olaf Scholz reacted to US President-elect Donald Trump's name for NATO members to extend their protection expenditures to five % of their gross home product (GDP).
Talking to Focus On-line, Scholz opposed Trump's name for NATO members to extend their protection spending to five % of GDP, noting that 5 % of their GDP corresponds to a considerable amount of roughly 200 billion euros a yr.
Scholz acknowledged that the German price range is at the moment round 490 billion euros and mentioned, “It is a big sum of money. This implies you must save 150 billion a yr, or borrow 150 billion, or a mixture of each. That's why I feel it could be higher to proceed as NATO has lengthy agreed.” he mentioned.
Stating that they haven’t any doubts about Germany doing extra for safety, Scholz reminded that they elevated their protection expenditures from lower than 40 billion throughout their rule to 80 billion.
“We will even have to safe this for the longer term and in the long run,” Scholz mentioned. “It is a actually huge change in comparison with the previous.” he mentioned.
