Germany's Chancellor Friedrich Mertz committed to borrowing more than 800 billion euros by 2030 to rebuild military and infrastructure, with a target of defense spending at 3.5% of GDP by 2029, up from 1.5% as recently as 2023.
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“Germany's Chancellor Friedrich Mertz... committed to borrowing more than 800 billion euros by 2030 to rebuild the military and the country's infrastructure. The target is defense spending of 3.5% of GDP by 2029 from a country that was spending about 1.5% as recently as 2023.”
Created: 7/11/2026, 9:13:21 PM
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