“War-ready equipment”: Peace dividend wrongly invested – IW boss calls for 300 billion for the Bundeswehr | EUROtoday

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Deutschland “War-ready equipment”

Peace dividend wrongly invested – IW boss calls for 300 billion for the Bundeswehr

Michael Hüther, Director of the German Economic Institute (IW) Michael Hüther, Director of the German Economic Institute (IW)

Michael Hüther, Director of the German Economic Institute (IW)

Source: image alliance/SZ Photo/Jürgen Heinrich

Michael Hüther, head of the German Economic Institute, calculated in an interview that the Bundeswehr wants extra money. The funds have to be elevated by 300 billion euros, and the wrongly invested peace dividend is now taking its toll.

DThe head of the German Economic Institute (IW), Michael Hüther, has referred to as for considerably extra money for the Bundeswehr. “The special fund for the Bundeswehr amounts to 100 billion euros. That is not enough,” Hüther informed the “Rheinische Post”.

“We need an increase to 250 to 300 billion euros. This is the only way we can equip our army to be ready for war,” he continued.

“During the Cold War, under Chancellor Willy Brandt, the Federal Republic spent 3.5 percent of its gross domestic product on defense. Now, for the first time, we have managed to spend two percent in the face of the serious crisis,” stated Hüther. “That is enough for current expenses. But the Bundeswehr's equipment is still too poor.”

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Lieutenant General Jürgen-Joachim von Sandrart

The improve within the particular fund can be financially viable, Hüther informed the newspaper. “After all, the peace dividend has amounted to around 600 billion euros since 1990. Unfortunately, we have not invested the peace dividend that the decades after the fall of the Wall brought us in infrastructure, digitalization or education. We have used some of these funds to reduce debt. But above all, we have consumed them. That is now taking its toll,” stated Hüther.

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The particular fund, which is anchored within the Basic Law and quantities to 100 billion euros, was arrange after the Russian invasion of Ukraine in 2022 to be able to higher and extra modernly equip the Bundeswehr.

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In April it was introduced that, in line with the Ministry of Defense, it was already totally earmarked for spending initiatives.

https://www.welt.de/politik/deutschland/article252299066/Kriegstuechtige-Ausstattung-Friedensdividende-falsch-investiert-IW-Chef-fordert-300-Milliarden-fuer-Bundeswehr.html