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Reuters
Reuters
Politics
Holger Hansen

German lawmakers approve 100 billion euro military revamp

Germany Christian Lindner Olaf Scholz Euro Lisi Niesner Bundestag Berlin Ukraine Russia
German Finance Minister Christian Lindner speaks during a session of Germany's lower house of parliament, the Bundestag, in Berlin, Germany, June 3, 2022. REUTERS/Lisi Niesner

Germany's Bundestag lower house of parliament on Friday approved the creation of the 100 billion euro ($107.2 billion) special defence fund that Chancellor Olaf Scholz announced in response to Russia's invasion of Ukraine.

The money is destined to top up the regular defence budget of around 50 billion euros over several years to help re-build Germany's military that has suffered years of neglect following the end of the Cold war.

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