About that promised defense spending increase

DB2

7 Likes

I believe last I heard the Germans are in a recession. That is the political pressure on this decision. The expectation is to meet the 2% goal by the end of 2025.

You did read the article?

Yes.

And a smaller GDP would mean the 2% target would also be fewer euros.

To paraphrase Trotsky (?) “Germany may not be interested in war, but war is interested in Germany.”

DB2

2 Likes

:rofl: :rofl: :rofl:

DB2, I am a conservative on foreign policy. I get ya. But the Germans face a new politics across the board and need the next 1.5 years to reset. That is why the 2025 mention matters.

In case you guys missed the news today, the German government broke up an extremist right-wing coup attempt.

Steve

1 Like

L3Harris to buy Aerojet General, makers of many rocket motors. A plan to participate in defense spending following the utility of missile systems in Ukraine.

https://www.reuters.com/markets/deals/defense-firm-l3harris-buy-aerojet-47-bln-with-eye-missile-demand-2022-12-19/?fbclid=IwAR1raqft1nbtXc0g4JsroJHbkWkAF26C52Xw1gGgwNxEIP4ZEfnZsPDPbYM