Germany is rapidly rearming itself: have we learned nothing from history?
As military escalations sweep the European continent, the Germans are no exception, as Berlin aims to make Germany the premiere European fighting force in the next few years.
For that, the economically troubled nation is set to invest additional tens of billions of Euros in the process.
Bloomberg reported:
“Germany is considering purchasing up to 2,500 armored fighting vehicles and as many as 1,000 battle tanks as part of a joint European effort to create new NATO brigades to deter Russia, according to people familiar with the matter.
The North Atlantic Treaty Organization has asked Germany to contribute as many as seven combat brigades to the alliance within the next decade. The fighting vehicles and tanks, if approved, would equip these forces, people familiar with the matter said on condition of anonymity.”
The escalation reflects inflated worries about Russian hostility since the start of the war in the Ukraine.
“The order under consideration by Defense Minister Boris Pistorius and the Bundeswehr’s top generals would include as many as 1,000 Leopard 2 battle tanks and up to 2,500 GTK Boxer armored fighting vehicles, the people said. The tanks are manufactured by KDNS and Rheinmetall, and the fighting vehicles are made by ARTEC, a joint venture of KDNS and Rheinmetall.”
Shares of the defense industry shot up, with Rheinmetall up by as much as 3.7% in the Frankfurt exchange.
The amount spent just in this order could be north of €25 billion.
Germany agreed to supplying the additional brigades to meet new NATO capacity goals.
“Germany’s new center-right chancellor, Friedrich Merz, has vowed to transform the country’s armed forces into Europe’s strongest to counter the rising threat from Russia. With the help of the opposition Greens, the ruling coalition abandoned strict borrowing limits on defense spending earlier this year to allow for unprecedented military procurement.”
There will also be a drive to significantly increase the number of troops by 60,000 active soldiers.
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