Germany met NATO's target to spend 2% of its gross domestic product on defence in 2024, the government said on Monday, though well short of incoming U.S. President Donald Trump's call for as much as 5%.

He emphasized the urgent need to strengthen the Alliance’s defense capabilities amid military developments in Russia, where the defense industry is growing at a fast pace. Read also: NATO must prepare for potential Russian attack by 2030 - German Defense Minister The production of tanks and aircraft is increasing significantly,

FRANKFURT (Reuters) - The leader of Germany's conservative CDU, the party's candidate to run for chancellor, said on Tuesday that the nation should focus on efforts to reach existing NATO defence spending targets before discussing any further increases.

Germany met the NATO alliance's target to spend 2% of its gross domestic product on defence in 2024, finance ministry sources said on Monday, and finished the year with a reserve of 10.7 billion euros ($11.

BERLIN: Germany met NATO’s target to spend 2% of its gross domestic product on defence in 2024, the government

German Chancellor Olaf Scholz has warned of the threat posed by hybrid warfare from Moscow after an underwater Baltic Sea cable was severed. Scholz was speaking as he met Danish Prime Minister Mette Frederiksen.

Germany has met NATO's 2% GDP defense spending target for 2024. This comes despite budget constraints and aligns with Chancellor Scholz's strategy since Russia's invasion of Ukraine. However, long-term military funding remains uncertain,

BERLIN (Reuters) -Germany met NATO's target to spend 2% of its gross domestic product on defence in 2024, the government said on Monday, though well short of incoming U.S. President Donald Trump's ...

Trump expects Washington's NATO allies to spend more on bombs and bullets, but nations are reluctant to boost spending.

NATO has also taken steps to ensure its members are positioned effectively against threats in sufficient numbers and maintained at a high state of readiness. At the 2022 Madrid Summit, NATO increased the number and locations of its forces deployed on its eastern flank, integrating modern strategies and technologies to enhance its effectiveness.

Germany is grappling with challenges in funding increased defense spending to meet NATOs target of 2% of GDP, with some analysts suggesting an even higher goal of 4%. Commerzbank (ETR:CBKG) highlights the countrys