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Cold War coming off ice

In this article by WSJ.

Germany are stepping up their military spending by 100 billion USD. More than 2% of their GDP, an historic shift in stance. They plan to

“finance the building of two liquefied natural gas import terminals on the country’s northern coast.” – halting reliance on Russian supply.

“Mr. Scholz also announced concrete arms-systems procurements including the decision to buy state-of-the-art drones from Israel and F-35 warplanes from the U.S., which he said would be used to amplify NATO’s nuclear deterrent against Russia.”

TLDR;

100 billion euros for new fund for military spending Annual defense outlays to rise to more than 2% of GDP Work with EU partners to build fighter jets, tanks Purchase armed Heron drones from Israel Increase gas storage volume by 2 billion cubic meters Purchase additional natural gas on the world markets Establish a national coal and gas reserve Build LNG terminals in Brunsbuettel and Wilhelmshaven

ELI5 : Buy Lockheed Martin

Submitted February 27, 2022 at 05:52PM by squidsqwab
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