×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Wednesday
21
Oct 2026
weather symbol
Athens 20°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by
> World

Germany requests exemption from EU borrowing limits to boost defense spending

Germany’s request may encourage other countries to follow the same path, Reuters reports

Newsroom April 28 02:20

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

Germany has requested an exemption from the European Union’s borrowing limits in order to increase its defense spending over the coming years, according to Reuters, citing a letter from German Finance Minister Jörg Kukies.

Kukies had stated in an interview with the agency on Friday that Germany was likely to request such an exemption.

The European Commission has proposed allowing member states to raise their defense spending by 1.5% of GDP annually for four years without triggering the disciplinary measures that normally apply when a deficit exceeds 3% of GDP.

“We view the Commission’s proposal for the coordinated activation of the National Escape Clause of the Stability and Growth Pact as an important complementary measure to enable the increase of national defense expenditures, while also ensuring fiscal sustainability,” Kukies said in his letter.

>Related articles

All 27 EU member states condemn Turkey-Libya maritime deal as ‘invalid’

Winter energy bills set to soar as wholesale electricity prices jump 57%

European gas prices hit €90 per megawatt hour for the first time since 2022

The Commission hoped that the proposal would receive broad acceptance from the EU’s 27 member states and contribute to boosting European defense investments by €650 billion over the next four years, aiming to deter potential Russian aggression.

However, so far, only Portugal and Poland have expressed interest in the exemption. Countries with high national debt levels have been reluctant to increase their borrowing for defense spending.

Germany’s request could encourage other countries to follow suit, although Germany’s public debt — 62.5% of GDP projected for 2024 — is significantly lower than that of Italy, France, and Spain, all of which exceed 100% and have shown reluctance to seek an exemption.

Ask me anything

Explore related questions

#eu#germany
> More World

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

All 27 EU member states condemn Turkey-Libya maritime deal as ‘invalid’

October 21, 2026

Eight complaints led to arrests in Greek basketball scandal as 50 matches investigated for alleged fixing

October 21, 2026

Kolonos explosion caused by detonator-equipped device, as building manager alerts police

October 21, 2026

Dendias: Cyberattack on critical infrastructure is a matter of national security

October 21, 2026

Shark trapped in South Korean canal for a month released into the sea: Video shows rescue using floating platform

October 21, 2026

Egypt also rejects Turkish-Libyan memorandum: ‘Absolutely null and void, with no legal validity’

October 21, 2026

OpenAI agents disabled safety mechanisms while carrying out routine tasks

October 21, 2026

Explosion in building in Athens’ Kolonos district leaves four injured, including two police officers

October 21, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα