Germany will sharply hike its spending on defense to more than 2% of its economic output in response to Russia's invasion of Ukraine, German Chancellor Olaf Scholz told an extraordinary session of the Bundestag lower house of parliament on Sunday.
"We will have to invest more in the security of our country to protect out freedom and democracy," he said, adding the government had decided to supply 100 billion euros for military investments from its 2022 budget.
