Germany's SPD says security needs boost but no comment on funding plans
Tweet
Share
E-mail
Social Democratic party (SPD) co-leader Lars Klingbeil addresses the media following the Hamburg federal state election, at the SPD headquarters in Berlin, Germany March 3, 2025. REUTERS/Nadja Wohlleben
BERLIN (Reuters) - Germany's Social Democrats (SPD) said foreign policy and defence must take priority in talks led by their conservative rivals to form a new coalition government but declined to give details on how a ramping-up in defence spending would be financed.
"Europe must become stronger. We need more money for the German armed forces and we also need to look at how we can make progress on security policy issues," said SPD parliamentary leader Lars Klingbeil, adding that the parties' negotiations must be confidential.
Economists advising the parties estimate around 400 billion euros ($415 billion) is needed for the defence fund and 400 billion to 500 billion euros for a separate infrastructure fund, sources told Reuters at the weekend.
(Reporting by Rachel More; Editing by Ludwig Burger)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Pakistan's ruling party poised to win Kashmir elections amid deadly clashes, analysts say
- CoreWeave, Super Micro climb on signs of sustained AI buildout
- Zhu Rongji, Chinese premier who cajoled economy into modern era, dies at 97
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
