In 2006, NATO defense ministers agreed to commit a minimum of 2% of their gross domestic product to defense spending in order to ensure the alliance’s long-term military readiness. Germany spends more than 12 billion euros on development aid every year (more than any other country except the United States), but has not fulfilled its NATO commitments for years.
However, despite economic challenges and pressing problems at home, Germany is spending considerable amounts of money on absurd development aid projects around the world — including in India. Despite being the fourth nation in the world to conduct a successful moon mission recently, Germany is giving India 1.3 billion euros to expand sustainable urban mobility and develop sustainable cities. In recent years, Germany has provided almost 200 million euros in grants and low-cost loans to promote buses and cycle paths in Peru.
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
Already a member? Log in
