Germany Defence & Security Report Q4 2014 - New Market Research Report

Boston, MA -- (SBWIRE) -- 09/19/2014 -- Speaking in June 2014, German defence minister Ursula von der Leyen announced plans for Germany to increase the share of the country's Gross Domestic Product which is spent on defence. At the moment, Germany spends just over one percent of its GDP on defence. In addition, she argued that NATO's two percent non-binding figure was less important than how the money was spent, adding that the sharing of common capabilities across Europe could be one mechanism by which Germany and its neighbours can save money vis-a-vis defence procurement.