Germany Defense Spending: Constitutional Amendment Approved
**The German Parliament has recently endorsed a constitutional amendment that permits a considerable escalation in defense spending.** On Tuesday, March 18, a vote resulted in 512 members supporting the measure while 206 opposed it. This landmark decision by the Federal Assembly reflects a growing willingness among European governments to undertake new borrowing for defense purposes, particularly in light of Russia’s ongoing aggression in Ukraine.
The amendment marks a significant departure from Germany’s previous policies, effectively dismantling a long-standing prohibition against state borrowing. According to reports from Defense News, German Chancellor Olaf Scholz indicated that this legislative change could pave the way for Berlin to approve a new aid package for Ukraine, estimated at 3 billion euros (approximately 3.28 billion dollars), by the end of this week.
