German Foreign Minister announces a significant increase in defense spending target to 5% of GDP

Overseas media reported last night (May 15th evening): "German Foreign Minister Warburton said that Berlin is willing to respond to US President Trump's demands on NATO and increase the defense spending target to 5% of the gross domestic product (GDP)."

[Smart Comment]: What does a 5% defense spending ratio actually mean? Generally speaking, only when a country is in a state of war will defense spending reach a level of 5% to 7%. Just yesterday, German Bundestag caucus chairman Merz claimed in his speech at the German Federal Parliament that he wants to build the strongest military force in Europe in Germany. To achieve this goal, the German government may have to further raise taxes or even expand the scale of fiscal deficits.

Source: https://www.toutiao.com/article/1832226973308936/

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