Germany Approves €3 Billion in Military Aid for Ukraine
President Steinmeier’s signature enacted a law suspending the “debt brake,” enabling €500 billion in infrastructure investment over 12 years, including €100 billion for federal states and €300 billion for the national government. This also allows for €3 billion in military aid to Ukraine, crucial given the escalating conflict. The legislation exempts defense, intelligence, and cybersecurity spending exceeding 1% of GDP from the debt rule, reflecting Germany’s commitment to bolstering its own security and supporting Ukraine. This significant financial package follows parliamentary approval and underscores Germany’s continued substantial military assistance to Ukraine.
John Q. Hosedrinker