Close Menu
    What's Hot

    My Dream Place to Live in the UK + Favorite Place to Visit: Windermere

    March 14, 2026

    Nasdaq weekly report: Micron Technology biggest gainer ahead of earnings, Thomson Reuters loses most

    March 14, 2026

    I Moved Into First Apartment Alone: Challenging but Rewarding

    March 14, 2026
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Economy»Germany’s front-runner for chancellor won’t commit to new NATO spending target By Reuters
    Economy

    Germany’s front-runner for chancellor won’t commit to new NATO spending target By Reuters

    Press RoomBy Press RoomJanuary 8, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    BERLIN (Reuters) – German opposition leader Friedrich Merz, tipped to become chancellor in next month’s election, said Germany would spend more on defence but would not commit to a NATO defence spending target as called for by U.S. President-elect Donald Trump.

    “We first really have to reach the 2% lower limit in Germany. We are not there yet,” Merz told broadcaster Bayerischer Rundfunk on Wednesday in response to Trump’s call for NATO members to spend 5% of gross domestic product on defence.

    “The 2, 3 or 5% (targets) are basically irrelevant, the decisive factor is that we do what is necessary to defend ourselves,” said Merz, leader of the opposition Christian Democrats and favoured to succeed Olaf Scholz.

    Trump has frequently complained that most NATO members are not paying their fair share, and he floated demanding an increase in NATO defence contributions during the campaign. NATO estimated that 23 of its 32 members would meet its goal of spending 2% of GDP in 2024.

    Markus Soeder, leader of the Christian Democrats’ Bavarian sister party, the Christian Social Union (CSU), who had chancellor ambitions before ceding to Merz as the conservative candidate, told broadcaster ntv/RTL that military spending must be increased significantly, to “well over 3%.”

    Germany is only able to meet the current NATO target of 2% due to a special fund, but there is uncertainty about how to maintain that spending level when the fund is exhausted in 2028.

    Pressure from Trump and a more aggressive Russia have made defence spending a key campaign issue ahead of parliamentary elections in Germany set for Feb. 23, about a month after Trump takes office.

    Merz has said that Germany can cover future defence spending increases without a special fund, while German Economy Minister Robert Habeck, who is the Greens’ chancellor candidate, said last week that Germany should aim for a target of 3.5%, which he said could only be reached by financing through loans.

    © Reuters. FILE PHOTO: German opposition leader Friedrich Merz of the Christian Democratic Union party (CDU) gives a statement on the day of a CDU faction meeting at the Bundestag, Germany's lower house of parliament, in Berlin, Germany, November 12, 2024.  REUTERS/Lisi Niesner/File Photo

    Dirk Wiese, deputy leader of the parliamentary group of Scholz’s Social Democrats, told RTL/ntv that Trump’s demand was “complete madness.”

    Wiese also said that he did not support Habeck’s proposal, echoing Scholz, who called it “somewhat half-baked.”

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    Wall Street slides as valuation concerns, rate-cut jitters linger

    November 18, 2025

    Wall St opens lower as valuation concerns, rate-cut jitters linger

    November 18, 2025

    They solved for the Kansas City Chiefs enforcement equilibrium

    September 5, 2025
    Leave A Reply Cancel Reply

    LATEST NEWS

    My Dream Place to Live in the UK + Favorite Place to Visit: Windermere

    March 14, 2026

    Nasdaq weekly report: Micron Technology biggest gainer ahead of earnings, Thomson Reuters loses most

    March 14, 2026

    I Moved Into First Apartment Alone: Challenging but Rewarding

    March 14, 2026

    I Want Another Child, but My Husband Doesn’t

    March 14, 2026
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • March 2026
    • February 2026
    • January 2026
    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2026 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.