BBCNEWS Talking Business June 4, 2024 14:34:00
Arguably, the most significant move has come from germany, where the chancellor, 0laf scholz, just days after the russian invasion, unveiled plans for a $130 billion boost in military spending. the country has been reluctant to spend too heavily on defence since the horrors of the second world war, but this new money would allow it to meet the nato target, that is country's military spend should be 2% of the size of their economy. here is the head of nato. the german decision is historic, partly because it affects the shift, the pivotal moment that we face in europe, but also the invasion of u...