About: defence spending
To face the Russian threat, Europeans need to spend together – not side by side
If European states are to make good on their promises to protect their interests and their continent, they will need to stand side by side, but invest together, write a group of scientific advisers to the Armament Industry European Research Group.
Germany boosts defence spending in response to Russia’s war on Ukraine
Germany will establish a special defence fund worth €100 billion to increase the country's military’s operational capabilities after years of neglect, Chancellor Olaf Scholz announced on Sunday (27 February), in what could be seen as a major shift in Berlin's defence spending.
Ahead of NATO summit, allies remain divided about common funding
Shortly before a crucial summit on 14 June in Brussels, NATO members remain divided about a proposal for higher community spending. At the summit, touted as an opportunity to revive the alliance and a reset when US President Joe Biden...
US pressure brings about rise in NATO defence spending, despite pandemic
Although the COVID-19 pandemic has massively reduced revenues of national governments in 2020, NATO allies significantly increased their military spending and eleven out of 30 alliance members reached the target of earmarking at least 2% of GDP for defence, according to NATO's annual report released on Tuesday (16 March).
Post-Brexit UK to unveil biggest defence budget hike in 30 years, despite pandemic
UK Prime Minister Boris Johnson will announce on Thursday (18 November) the biggest increase in British defence spending since the end of the Cold War, EURACTIV has learned.
EU-US alliance ‘on life support’ after four years of Trump
Back in 2016, German Chancellor Angela Merkel greeted Donald Trump's victory with an extraordinary warning: that she would work with the US president on the condition that he respects democratic values. Things did not improve from there.
Germany spent over $1 billion to cover costs linked to US troops presence
Germany has spent more than $1 billion over the past decade to cover the costs related to the stationing of US troops on its territory, according to figures by the German finance ministry, which a key government official called "anything but too high", citing related economic benefits.
Military spending saw biggest increase in a decade in 2019
Global military expenditure saw its biggest uptick in a decade in 2019 rising to $1.9 trillion, according to the latest survey by the Swedish Peace Research Institute (SIPRI) published on Monday (27 April), marking the first year two Asian countries were among the top three spenders.
Germans and Americans ‘worlds apart’ on security issues, new study finds
Although Americans and Germans think transatlantic relations are in slightly better shape than last year, stark differences remain when it comes to defence spending and big power competition, a fresh poll by the US think tank Pew Research Center showed.
Dutch PM Rutte: Europe needs to increase military spending
Europe needs to increase military spending to keep the transatlantic NATO alliance alive in the face of rising threats from Russia, China and elsewhere, Dutch Prime Minister Mark Rutte said on Thursday (3 October).
EU defence funding far too small for big ambitions: report
EU's objective to increase defence spending to €22.5 billion over the next decade is insufficient for its ambitions in the sector, the European Court of Auditors said Thursday (12 September) in its annual review paper on the bloc's defence cooperation and policy.
Sweden reveals plans for bank tax to finance defence spending increase
Sweden has revealed plans to introduce a new bank tax to fund the country's future increase in defence spending from 2022, as it revamps efforts to counter Russia’s military build-up in the Baltic Sea region.
Washington needles Germany with threat of US troops relocation to Poland
Washington has talked for some time of relocating US troops from Germany because of its annoyance with Berlin's military spending shortfalls. But President Donald Trump's upcoming visit to Poland in September could give it another twist.
CDU party chief wants Germany to reach 2% NATO spending target
The leader of German Christian Democrats, Annegret Kramp-Karrenbauer (AKK), stated on Wednesday (12 June) that German military expenditures would have to be raised to NATO's 2% spending target, while former Foreign Minister Sigmar Gabriel proposed splitting Germany's military spending into two funds. EURACTIV Germany reports.
World leaders gather in south England to remember D-Day
World leaders gather on the coast of southern England on Wednesday (5 June) to mark the 75th anniversary of D-Day, the largest seaborne invasion in history and a feat that helped bring World War Two to an end.
Germany on the defence over military spending shortfalls
Germany restated its commitment to higher defence spending on Wednesday (3 April), seeking to defuse tensions between Berlin and Washington after a storm of criticism from the Trump administration over Germany's shortfalls in NATO contributions.
Trump says NATO countries’ burden-sharing improving, wants more
US President Donald Trump said on Tuesday (2 April) his pressure on NATO nations to pay more for their defence is leading to tens of billions of dollars more in contributions, but the allies may need to boost their budgets even more.
Slovakia signs deal to replace Russian-made fighter jets with US F-16 planes
Slovakia's defence ministry signed a deal on Friday (30 November) to buy 14 US-made F-16 fighter jets to replace its ageing Russian-made MiG-29s, its defence ministry said.
Trump ends NATO summit on happy note, saying he made it ‘much stronger’
US President Donald Trump said on Thursday (12 July) he was able to squeeze an additional $33 to 40 billion for defence from his allies. But NATO secretary-general Jens Stoltenberg said the figure had been made public before and did not mean Europe was committing any new money.
Bulgarian President: Trump raised the target for NATO spending from 2% to 4%
US President Donald Trump has raised the stakes for his European allies’ defence spending from 2% to 4% of GDP, Bulgarian President Rumen Radev told a small group of Bulgarian journalists at the NATO summit on Wednesday (11 July).
Trump horsewhips allies as confrontational NATO summit begins
To the pomp of brass bands and a fly-past of fighter jets, the NATO alliance holds a two-day summit starting today (11 July), looking stronger militarily than at any time since the Cold War, but also more divided than ever.
EU defence gets €20 billion budget boost
The EU on Wednesday (2 May) announced plans to spend nearly 20 billion euros on defence over its next long-term budget, as the bloc seeks to boost its resilience to the perceived threat from Russia.
Trump claims EU has made it ‘almost impossible’ for US firms
President Donald Trump lashed out at European Union trade rules yesterday (6 March), saying the bloc has made life near "impossible" for US firms, and threatening to ramp up tariffs on imports into the US.