Zürcher Nachrichten - German MPs approve 50 bn euros in military purchases

EUR -
AED 4.135003
AFN 74.312152
ALL 91.998807
AMD 407.29472
ANG 2.015836
AOA 1032.483179
ARS 1716.910796
AUD 1.624961
AWG 2.029499
AZN 1.91856
BAM 1.955775
BBD 2.262771
BDT 138.128209
BGN 1.895446
BHD 0.423495
BIF 3389.456062
BMD 1.125935
BND 1.437881
BOB 13.498825
BRL 5.867029
BSD 1.123485
BTN 108.843589
BWP 15.531799
BYN 3.383956
BYR 22068.333923
BZD 2.259471
CAD 1.604402
CDF 2600.911191
CHF 0.934977
CLF 0.028256
CLP 1115.712356
CNY 7.548891
CNH 7.557396
COP 3725.451706
CRC 514.793327
CUC 1.125935
CUP 26.96265
CVE 110.263571
CZK 24.454533
DJF 200.057407
DKK 7.479143
DOP 67.07913
DZD 150.570048
EGP 58.776238
ERN 16.889031
ETB 183.500221
FJD 2.530259
FKP 0.851099
GBP 0.852303
GEL 2.933107
GGP 0.851099
GHS 13.194829
GIP 0.851099
GMD 82.760588
GNF 9882.871886
GTQ 8.585889
GYD 235.006954
HKD 8.83567
HNL 30.162609
HRK 7.540056
HTG 147.118093
HUF 368.676725
IDR 20141.295479
ILS 3.436727
IMP 0.851099
INR 108.456295
IQD 1471.780921
IRR 1966490.662268
ISK 137.285738
JEP 0.851099
JMD 177.857694
JOD 0.798333
JPY 177.718077
KES 145.82811
KGS 98.463484
KHR 4556.940927
KMF 493.160101
KPW 1013.342222
KRW 1512.345607
KWD 0.347723
KYD 0.936188
KZT 504.773457
LAK 25235.672864
LBP 100605.895823
LKR 371.535184
LRD 192.10751
LSL 18.784656
LTL 3.324595
LVL 0.681068
LYD 7.194907
MAD 11.161855
MDL 20.07674
MGA 4963.935651
MKD 61.574202
MMK 2363.962729
MNT 4050.351228
MOP 9.080782
MRU 44.894418
MUR 54.214216
MVR 17.407387
MWK 1948.074747
MXN 20.448343
MYR 4.599338
MZN 71.951471
NAD 18.784656
NGN 1498.384001
NIO 41.339464
NOK 10.829927
NPR 174.149742
NZD 2.004693
OMR 0.432034
PAB 1.123485
PEN 3.89325
PGK 5.087934
PHP 70.464983
PKR 311.170466
PLN 4.386363
PYG 6572.914794
QAR 4.095147
RON 5.339077
RSD 117.478477
RUB 93.798784
RWF 1663.878431
SAR 4.251166
SBD 9.095387
SCR 15.468899
SDG 677.254284
SEK 11.304508
SGD 1.439738
SHP 0.850115
SLE 27.702139
SLL 23610.293318
SOS 642.091676
SRD 42.573311
STD 23304.589613
STN 24.499682
SVC 9.829873
SYP 14639.412412
SZL 18.780757
THB 37.722942
TJS 10.341466
TMT 3.940774
TND 3.347757
TOP 2.710982
TRY 55.314396
TTD 7.617901
TWD 35.829296
TZS 2960.361624
UAH 50.551445
UGX 4482.941887
USD 1.125935
UYU 45.279413
UZS 13250.828227
VES 974.472491
VND 29257.994447
VUV 134.924899
WST 3.139874
XAF 655.957
XAG 0.018651
XAU 0.000271910232
XCD 3.042897
XCG 2.024774
XDR 0.796095
XOF 655.957
XPF 119.331742
YER 266.062577
ZAR 18.752511
ZMK 10134.773796
ZMW 22.075714
ZWL 362.550741
SSP 6432.009114
MXV 2.313693
  • BCC

    0.2900

    74.99

    +0.39%

  • GSK

    -0.1500

    47.03

    -0.32%

  • RIO

    1.3400

    94.21

    +1.42%

  • NGG

    0.7900

    76.12

    +1.04%

  • BTI

    0.2849

    52.64

    +0.54%

  • AZN

    -0.8000

    156.9

    -0.51%

  • BCE

    -0.1900

    19.73

    -0.96%

  • JRI

    0.1300

    10.9

    +1.19%

  • CMSD

    0.0900

    20.43

    +0.44%

  • CMSC

    0.0800

    20.24

    +0.4%

  • RBGPF

    0.0900

    65.09

    +0.14%

  • RELX

    -0.0700

    33.42

    -0.21%

  • RYCEF

    0.1200

    19.42

    +0.62%

  • VOD

    0.4400

    16.82

    +2.62%

  • BP

    0.2900

    44.79

    +0.65%

German MPs approve 50 bn euros in military purchases
German MPs approve 50 bn euros in military purchases / Photo: Ina FASSBENDER - AFP

German MPs approve 50 bn euros in military purchases

German lawmakers Wednesday approved about 50 billion euros ($59 billion) in military purchases, as Berlin accelerates defence spending in the face of a hostile Russia and signs of weakening security commitments from Washington.

Text size:

The extensive list of procurements ranged from missiles to artillery, torpedoes, armoured vehicles, satellite systems and new uniforms as Berlin races to overhaul the long-neglected Bundeswehr.

Officials said that the new purchases, greenlighted by parliament's budget committee, mean a "historic" number of defence acquisitions have been approved this year, worth nearly 83 billion euros.

"We are sending a signal to the (NATO) alliance and our partners: Germany is leading the way," the defence ministry said in a statement.

"We are fulfilling our obligations to the alliance and accepting our responsibility for security and peace in Europe."

After Russia's full-scale invasion of Ukraine in 2022, Germany dropped a long-standing pacifist tradition shaped by its dark World War II past and started ramping up spending to overhaul the armed forces.

Signs of the United States's weakening commitment to Europe's security since US President Donald Trump's return to the White House further pushed Germany, and the rest of the continent, into speeding up its rearmament.

Chancellor Friedrich Merz, who took office in May, has given the drive even greater momentum, exempting defence spending from strict debt rules to free up more funds.

- 'Huge investments' -

The defence budget for this year had already been laid out but Wednesday's purchases had to be approved by parliament's budget commitment, in line with rules that individual acquisitions over 25 million euros must be signed off by MPs.

The purchases spanned more than 30 different projects, including missiles for Patriot and Iris-T air defence systems, artillery, torpedoes, weapon systems for aircraft and unmanned aerial reconnaissance systems, according to the defence ministry.

It also included "combat clothing and equipment" for up to 460,000 troops and protective equipment for 80,000 civilian employees.

Defence Minister Boris Pistorius said defence spending had a hit a new record this year, adding such "huge investments" were needed in the coming years.

"We must be able to equip each and every individual for their specific mission when they join us," he said after MPs approved the purchases.

"We can't put young soldiers in tracksuits because their uniforms haven't been delivered yet."

The government is seeking to expand the army, which shrank sharply after the end of the Cold War, and German lawmakers this month backed a new scheme aimed at boosting the number of troops.

Officials are not re-introducing mandatory military service but have warned they may do so if they do not get enough people signing up voluntarily.

Germany has dramatically raised its defence spending targets for the coming years.

Berlin announced earlier this year that it will aim to hike core defence spending to 3.5 percent of GDP by 2029, in line with a new NATO target that the alliance agreed to under pressure from Trump.

The government is set to spend more than 500 billion euros on defence between this year and 2029.

Pistorius insisted that the government will handle the massive investments "carefully and conscientiously".

"Everyone can rest assured that we are very aware of the scale of what we are talking about," he said.

M.J.Baumann--NZN