Germany Running Out Of Money? Berlin May Not Be Able To Fund NATO Military | Details

Germany could possibly fall short of its NATO commitment on defence spending. In 2014, NATO members agreed to increase defence spending to 2% of GDP on defence within a decade. However, according to the IFO Institute, Germany may not be able to do so. Interest payments, inflation and most importantly Russia’s war against Ukraine has impacted Germany’s defence expenditure. Scholz announced a special defence fund just days after Russia invaded Ukraine in February 2022. 16 months on, Ukraine’s appetite for arms from its Western allies has only been increasing. And Berlin has been one of the top suppliers of aid. Watch this video for details. #russia #ukraine #ukrainewar #russiaukraine #russiaukrainewar #russiaukrainecrisis #russiaukraineconflict #russiaukrainelatest #russiaukraineupdates #nato #natodefencespending #germany #berlin #scholz Hindustan Times Videos bring you news, views and explainers about current issues in India and across the globe. We’re always excited to report the news as quickly as possible, use new technological tools to reach you better and tell stories with a 360 degree view to give you a better understanding of the world around you.