Germany sets up 100 billion euro fund to modernize army
With the necessary majority, the German parliament yesterday approved an amendment to the Constitution, guaranteeing the creation of a special fund worth 100 billion euros to modernize and strengthen the military’s capabilities.
The new clause in the constitution states that, in order to strengthen the capabilities of the North Atlantic Treaty Organization (NATO) and the defense capacity of Germany, the federal government can establish a special fund for the coalition army. state, with a one-time credit of up to 100 billion euros.
Most of the money in the new fund (nearly 41 billion euros) will be spent on purchasing vehicles and equipment for the Luftwaffe, including the purchase of US F-35 stealth fighters and helicopters. Chinook transport. Funds were also spent to purchase new corvettes and frigates for the Navy.
The plan to modernize the federal army with 100 billion euros was announced by German Chancellor Olaf Scholz just three days after Russia launched a military operation in Ukraine. This is considered a turning point in the security policy of Europe’s leading nation after decades of “contempt” in military terms, stemming from Germany’s history in the 20th century.
According to Chancellor Scholz, with this plan, Germany will soon have the largest conventional army in Europe within the framework of NATO, which will significantly strengthen the security of Germany and its allies.
For its part, Russia said it would closely monitor Germany’s increase in military spending, a move Russia says would lead to rearmament and increase risks to European security.
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