A few days ago, the European Commission and the European Investment Fund (EIF) announced a €40 million investment deal with Keen’s European Defence and Security Tech Fund — a pioneering…

Germany has met a NATO alliance target to spend 2% of its gross domestic product on defence for the first time since the early 1990s, a Defence Ministry spokesperson said, as spending ramped up after Russia’s invasion of Ukraine in 2022.
The German government is allocating the equivalent of 71.8 billion euros ($76.8 billion) for defence spending in the current year through regular and special budget outlays. However, the sum of its total defence spending is classified.
NATO’s Secretary General, Jens Stoltenberg, said that 18 countries were expected to meet the 2% target. NATO Defence Ministers are meeting in Brussels today. A separate meeting of the Ukraine Defence Contact Group, hosted by the United States, took place yesterday. German Chancellor, Olaf Scholz, has spotlighted its rising defence spending at an uncertain time for the North Atlantic Treaty Organization.
Former US President, Donald Trump, on the weekend outraged allies by saying he would refuse to protect NATO members who did not spend enough on defence. Reacting to those remarks in an interview on WELT TV on Tuesday evening, German Defence Minister, Boris Pistorius, said Trump risked damaging transatlantic relations and could ultimately see off the branch on which America is sitting.
Pistorius pushed back at opposition suggestions that Germany should increase its special military defence fund to 300 billion euros ($320 billion) from 100 billion, saying the government should increase its regular budgetary outlay instead.
That would help the government in procurement over longer time horizons, he said.
Pistorius also pushed back against the idea, which gained attention after Trump’s remarks, of creating a separate European nuclear defence umbrella.
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