Germany's bold defense move challenges NATO spending rules
During the Munich Security Conference, Chancellor Olaf Scholz emphasized that Germany is ready for a reform of the Stability and Growth Pact. This reform would involve excluding defense investments that exceed NATO's target of 2% of GDP from budgetary discipline. Scholz noted that "Germany is ready for this."
The Chancellor assured that Germany will support Ukraine as long as necessary. He pointed out that to secure adequate resources for the future, it is essential to loosen budgetary discipline.
Scholz also criticized the earlier speech by U.S. Vice President J.D. Vance, accusing him of interfering in Germany's internal affairs. "We do not accept this," he said.
Scholz emphasized that the stakes are peace and security of the Old Continent, so Europe must act. Germany, as one of the key players on the continent, is ready to take steps toward increasing defense investments, which aim to strengthen security in the region.
