Merkel said Germany must increase defense spending

Merkel said Germany must increase defense spendingHowever, Chancellor stated Germany's defense budget will not meet NATO expectations in the near future, Reuters.

Chancellor Angela Merkel said on Wednesday Germany must advance defense spending towards 2 percent of gross domestic product (GDP).

"Our defense budget shows that we haven't reached the point where we should be if we talk about the expectations of our NATO partners," Merkel said in a speech to the Bundestag lower house of parliament.

"I know we still have a pretty long way to go to reach NATO's 2 percent target for defense spending and I can't promise we will get there in near future. But the direction has to be clear (...) that we approach this target and implement it."
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