MNI BRIEF: BOC Sees Milder Reaction To Tariffs Than To Covid

BOC SAYS ITS RESPONSE TO A TARIFF WAR WON'T BE LIKE IN COVID

BOC: TRADE THREATS ALREADY BLURRING DOMESTIC ECONOMIC REBOUND

MNI INTERVIEW2 -Banxico Optimistic On Non-Core Inflation-Heath

MNI China Daily Summary: Friday, February 21

MNI BOK WATCH: Board To Ease Base Rate To 2.75%

MNI: BAKER HUGHES US RIG COUNT 592; OIL RIGS 488; GAS RIGS 99

BAKER HUGHES CANADA RIG COUNT 244; OIL RIGS 174; GAS RIGS 70

MNI: US NAR: JAN EXISTING HOME SALES 4.08M SAAR

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

DENMARK: PM-DKK50B More For Defence, Message For Army Chief: "Buy Buy Buy"

DENMARK
HomepageDenmarkmarkets-real-timePolitical RiskPolitical Risk BulletCEEMEABulletMarketsFixed Income BulletsForeign Exchange Bullets

Prime Minister Mette Frederiksen has said that an additional DKK50B (EUR6.7B) will be spent on defence in 2025 & 2026. Foreign Minister Lars Løkke Rasmussen says that this new allocation will see Denmark's total defence spending increase above 3% of GDP. Speaking at a presser, Frederiksen says "Because of the threat from Russia, to defend Denmark and avoid war, we are embarking on further rearmament,". PM says the gov't has a message to the Chief of Defence: "Buy, buy, buy. There's only one thing that counts now, and that's speed. If we can't get the best equipment, then buy the next best."

  • Defence spending among EU and NATO countries has come to the forefront of the news cycle and fiscal calculations in recent weeks amid demands from the US that European countries 'pay their way' in defence.
  • For Denmark in particular, the issue of defence spending and capabilities has come to the fore following US President Donald Trump's frequent comments regarding the US taking control of the Danish autonomous territory of Greenland on national security grounds.  
  • Politiken writes "The government will finance the initiative through ...fiscal leeway and a relaxed fiscal policy. But it can't stay that way. Because the increase in defence spending is not temporary. This means there remains a significant task to find sustainable financing. This implies tough economic prioritization, where the three governing parties traditionally do not have common ground. But the government has postponed this battle by securing short-term financing that does not require cuts or reforms."
250 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Prime Minister Mette Frederiksen has said that an additional DKK50B (EUR6.7B) will be spent on defence in 2025 & 2026. Foreign Minister Lars Løkke Rasmussen says that this new allocation will see Denmark's total defence spending increase above 3% of GDP. Speaking at a presser, Frederiksen says "Because of the threat from Russia, to defend Denmark and avoid war, we are embarking on further rearmament,". PM says the gov't has a message to the Chief of Defence: "Buy, buy, buy. There's only one thing that counts now, and that's speed. If we can't get the best equipment, then buy the next best."

  • Defence spending among EU and NATO countries has come to the forefront of the news cycle and fiscal calculations in recent weeks amid demands from the US that European countries 'pay their way' in defence.
  • For Denmark in particular, the issue of defence spending and capabilities has come to the fore following US President Donald Trump's frequent comments regarding the US taking control of the Danish autonomous territory of Greenland on national security grounds.  
  • Politiken writes "The government will finance the initiative through ...fiscal leeway and a relaxed fiscal policy. But it can't stay that way. Because the increase in defence spending is not temporary. This means there remains a significant task to find sustainable financing. This implies tough economic prioritization, where the three governing parties traditionally do not have common ground. But the government has postponed this battle by securing short-term financing that does not require cuts or reforms."