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Scholz-Germany Will Hit NATO 2% Of GDP On Defence Spending In 2024

GERMANY

Prepared remarks to the Bundestag from Chancellor Olaf Scholz regarding a number of foreign policy issues hitting wires. Scholz claims that Germany will meet NATO's 2% of GDP on defence spending floor in 2024. Datasuggests that Germany spent the equivalent of 1.49% of its GDP on defence in 2022.

  • During the visit of Chinese Premier Li Qiang, Scholz states that "We warned against any change to territorial status quo by force, particularly in Taiwan."
  • On NATO, Scholz states that "Sweden should have a seat at the summit table as a new member of NATO." Makes an appeal to Turkish President Recep Tayyip Erdogan to pave the way for Sweden's NATO membership. Also states that decisions made at the summit "To include improving protection of underwater infrastructure," following the Nord Stream gas pipeline sabotage in 2022.
  • On EU security, says that "Europe must boost defence cooperation, speed up defence production."
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