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Germany likely to ask for EU leeway on defence spending, finance minister says

Summary
Germany is likely to ask the European Commission for an exemption from European Union borrowing limits to increase defence spending in coming years without breaking EU rules, German Finance Minister Joerg Kukies told Reuters on Friday. "It looks likely that we may do that, but the final decision needs to be taken," Kukies said in an interview on the sidelines of the International Monetary Fund and World Bank meetings in Washington. He added that this matter is being discussed in the German government in coordination with the incoming coalition

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Lean Left

According to the Ministry of Finance, most EU countries will probably apply for the same permit.

·Helsinki, Finland
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Lean Right

Merz wants to strengthen roads and the Bundeswehr with XXL debt, but strict EU rules could endanger his plan.

·Berlin, Germany
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Lean Right

Only Germany submitted the request to activate a budget clause for the Defense, with the deadline ending at the end of the month. Brussels is in contact with all Member States on the matter.

·Portugal
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Lean Left

Germany wants to be able to implement its 900 billion rearmament plan, but to do so it needs a concession from the European Union. For this reason, as announced by a spokesperson for the Ministry of Finance, it has already asked the Commission that defense spending be exempted from the limits imposed by the Stability Pact. “An increase in defense spending is essential - said the spokesperson - Therefore, on 19 March, the European Commission prop…

·Rome, Italy
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  • 44% of the sources are Center
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Market Screener broke the news in on Friday, April 25, 2025.
Sources are mostly out of (0)