Germany commits 100 billion euros to new armed forces fund

German Chancellor Olaf Scholz says Germany is committing 100 billion euros to a special fund for its armed forces, raising its defense spending above 2 percent of GDP

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German Chancellor Olaf Scholz said Sunday that Germany is committing 100 billion euros to a special fund for its armed forces, raising its defense spending above 2 percent of GDP.

“It’s clear we need to invest significantly more in the security of our country, in order to protect our freedom and our democracy,” Scholz told a special session of the Bundestag in Berlin Sunday morning.

The move is a significant one for Germany, which has come under criticism from the United States and other NATO allies for not investing adequately in its defense budget.