Skip to content
Markets
Economics

Germany Leads EU Spending Push, Goes Big With F-35 Buy

  • Defense Ministry to order 35 of the $100-million warplanes
  • Finance minister backs proposal for rebate on gasoline costs
Updated on

Germany is leading Europe in its financial response to Russia’s invasion of Ukraine, raising the prospect of billions in aid for those hurt by surging gasoline prices and pushing ahead with the purchase of almost three dozen F-35 warplanes.

Finance Minister Christian Lindner on Monday threw his weight behind a proposal to ease the burden from the jump in costs at the fuel pump with a temporary rebate that could cost the government as much as 2 billion euros ($2.2 billion) a month.