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A member of German army Bundeswehr exercises during a presentation to German Defence Minister Boris Pistorius during his visit to the airborne brigade of German army Bundeswehr in Saarlouis, Germany, September 17, 2024
REUTERS/Thilo Schmuelgen
February 25, 2025
Such a rapid increase would need to be financed initially by borrowing. But that could clash with EU, and country-level, debt limits meant to avoid financial crises. In Germany, for example, Merz on Tuesday ruled out weakening the constitutionally mandated debt limits – but he is also reportedly working with the outgoing parliament to create a massive new defense fund.
In the UK, meanwhile, PM Keir Starmer announced further cuts to the British foreign aid budget to boost defense spending to 3% of GDP by the middle of the next decade (from 2.3% today.)
What would “defense” mean? Holding Russia at bay in Ukraine would be a big focus. But beyond that, naming the threats that Western European countries face directly could be contentious. Keep an eye out for this Sunday’s emergency EU defense summit , which will touch on just that.
The bottom line: For decades, the US has underwritten Europe’s security. But Europe is now being forced to answer questions it never expected to ask.
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