Germany Urges EU to Ease Fiscal Rules to Boost Defense Funds
- The push marks a big shift for fiscally conservative Berlin
- EU leaders meet Thursday to discuss boosting military spending
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Germany called for the European Union to reform its fiscal rules to allow countries to make bigger defense expenditures, a massive shift for a country known for its spending restraint.
A German envoy to the EU shocked his colleagues in Brussels on Wednesday by urging the bloc to allow additional budget room for member states to boost defense-related outlays in the longer term given the geopolitical circumstances, according to people familiar with the matter.