The Japan Times - German MPs approve 50 bn euros in military purchases

EUR -
AED 4.229988
AFN 73.146945
ALL 96.133079
AMD 434.212947
ANG 2.061819
AOA 1056.200947
ARS 1595.729488
AUD 1.676138
AWG 2.073241
AZN 1.95884
BAM 1.9575
BBD 2.319785
BDT 141.322745
BGN 1.968783
BHD 0.434815
BIF 3421.327021
BMD 1.1518
BND 1.483169
BOB 7.988181
BRL 6.046028
BSD 1.151795
BTN 109.176408
BWP 15.880861
BYN 3.428493
BYR 22575.287657
BZD 2.316392
CAD 1.600253
CDF 2628.988678
CHF 0.919315
CLF 0.02693
CLP 1063.36549
CNY 7.961072
CNH 7.958342
COP 4233.211976
CRC 534.857582
CUC 1.1518
CUP 30.52271
CVE 110.369005
CZK 24.518422
DJF 205.093682
DKK 7.472328
DOP 68.558058
DZD 153.334083
EGP 61.736268
ERN 17.277006
ETB 178.048178
FJD 2.580321
FKP 0.866974
GBP 0.867284
GEL 3.086771
GGP 0.866974
GHS 12.620455
GIP 0.866974
GMD 84.656271
GNF 10098.639609
GTQ 8.815384
GYD 241.106739
HKD 9.021621
HNL 30.579896
HRK 7.535884
HTG 150.976542
HUF 389.090264
IDR 19570.240438
ILS 3.616135
IMP 0.866974
INR 108.896278
IQD 1508.830137
IRR 1512601.862779
ISK 143.606561
JEP 0.866974
JMD 181.293527
JOD 0.816578
JPY 183.86078
KES 149.734428
KGS 100.724635
KHR 4612.886352
KMF 492.970864
KPW 1036.623761
KRW 1744.390407
KWD 0.354775
KYD 0.959846
KZT 556.830884
LAK 25050.648874
LBP 103140.830206
LKR 362.813545
LRD 211.358254
LSL 19.777978
LTL 3.400967
LVL 0.696713
LYD 7.352226
MAD 10.765177
MDL 20.230571
MGA 4800.106597
MKD 61.676346
MMK 2417.436221
MNT 4113.24352
MOP 9.293293
MRU 45.987343
MUR 54.017007
MVR 17.795778
MWK 1997.10857
MXN 20.796407
MYR 4.629663
MZN 73.657744
NAD 19.778236
NGN 1591.99517
NIO 42.386262
NOK 11.212362
NPR 174.665914
NZD 2.005595
OMR 0.442792
PAB 1.151815
PEN 4.012185
PGK 4.977258
PHP 69.977059
PKR 321.451413
PLN 4.279935
PYG 7530.377025
QAR 4.199475
RON 5.097752
RSD 117.405319
RUB 93.874992
RWF 1681.924321
SAR 4.322129
SBD 9.262822
SCR 17.163771
SDG 692.232263
SEK 10.889179
SGD 1.482949
SHP 0.864149
SLE 28.276608
SLL 24152.69076
SOS 658.257439
SRD 43.308822
STD 23839.942611
STN 24.520978
SVC 10.077884
SYP 127.305795
SZL 19.775833
THB 37.764652
TJS 11.005823
TMT 4.031301
TND 3.395971
TOP 2.773258
TRY 51.215473
TTD 7.825763
TWD 36.869937
TZS 2977.40446
UAH 50.484891
UGX 4290.85719
USD 1.1518
UYU 46.623733
UZS 14046.382845
VES 538.960062
VND 30332.663288
VUV 137.508177
WST 3.196803
XAF 656.512961
XAG 0.016275
XAU 0.000254
XCD 3.112798
XCG 2.07583
XDR 0.816616
XOF 656.512961
XPF 119.331742
YER 274.819021
ZAR 19.662788
ZMK 10367.582559
ZMW 21.681643
ZWL 370.879256
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSC

    -0.0500

    22.77

    -0.22%

  • NGG

    -0.4800

    81.92

    -0.59%

  • BCE

    -0.2200

    25.25

    -0.87%

  • RIO

    0.8500

    86.64

    +0.98%

  • JRI

    -0.2700

    11.8

    -2.29%

  • GSK

    -0.1000

    53.84

    -0.19%

  • RELX

    -0.1000

    31.97

    -0.31%

  • BCC

    0.1400

    74.43

    +0.19%

  • CMSD

    -0.0900

    22.66

    -0.4%

  • RYCEF

    -0.5900

    14.65

    -4.03%

  • VOD

    -0.1400

    14.49

    -0.97%

  • AZN

    5.0200

    188.42

    +2.66%

  • BTI

    0.3749

    57.8

    +0.65%

  • BP

    0.5100

    46.68

    +1.09%

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.

K.Tanaka--JT