• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Saturday, May 31
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

    May 29, 2025

    ‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

    May 29, 2025

    DeSantis Signs Bill Making Gold And Silver Legal Tender

    May 28, 2025

    John Deere Announces $20 Billion Plan To Build Up American Manufacturing

    May 28, 2025

    EV Startup Promised To Cut China Ties — Then Reportedly Shared US Data Anyway

    May 27, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»World»Germany Using Accounting Trick to Meet NATO Defence Obligations
World

Germany Using Accounting Trick to Meet NATO Defence Obligations

August 9, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

NATO requires its members spend two per cent of GDP annually on defence, a figure that only a handful manage. Germany has promised to meet its obligation, but to make sure it does so before the next election the government is apparently rolling in previously uncounted spending, like interest payments.

Germany will reclassify some other government expenses as “defence-related” to inflate the proportion of the economy devoted to military spending to hit the NATO treaty obligations by next year, a report in broadsheet Die Welt claims. Per those claims, one of the newly “defence-related” areas of spending will be a proportion of federal debt servicing — interest payments — that will swell the theoretical defence spend by five billion euros ($5.5 billion) over the next year.

Trump Blasts Hypocritical Germany as ‘Captive of Russians’ at NATO summit https://t.co/tXeNwg8LMO

— Breitbart London (@BreitbartLondon) July 11, 2018

Welt reports political opponents to Geramny’s Left-Green coalition government as criticising the move as dishonest, and a bid to hide the fact the German military is seriously short on equipment — an issue seriously exacerbated by the amount of materiel that has been donated to Ukraine in the past year.

Every one of NATO’s 31 members are bound by a treaty obligation to spend two per cent of their GDP on defence, an answer to mutual defence that allows those in the alliance with the broadest shoulders to bear the greatest strain, but also not allowing others a free ride. Actually, just seven of those 31 do spend two per cent a year: Greece, the United States, Poland, the United Kingdom, Estonia, Latvia and Lithuania.

See also  5 Points on Pakistan Caretaker Prime Minister

After Russia relaunched its invasion of Ukraine last year priorities in Europe changed to some extent, and Germany said it was going to make an effort to boost its defence spending to two per cent after years of being deficient, but the gap to close is a considerable one: Germany’s figure was just 1.5 per cent in 2021. The threat presented by Germany’s willingness to cosy up to Russia for cheap energy while simultaneously neglecting its own military was a key theme of the warnings made by President Donald Trump in 2018 when he said Germany should be a more reliable NATO ally.

He said then: “We’re paying a lot of money to protect, this has been going on for decades… it’s very unfair to our country, it’s very unfair to our taxpayers… these countries need to step it up, not over a ten year period, but immediately.”

Despite Germany moving to pay more for defence, there are still serious concerns about the quality of its own military. As reported this year, Germany’s own defence minister said his armed forces were incapable of defending the nation, never mind leap to the aid of other NATO allies if they were invaded.

While Germany’s accounting trick has been criticised as dishonest, it would not be alone in NATO in ‘cooking the books’ in this way. Even the United Kingdom, long seen as one of the most reliable NATO allies, avoided dropping below the two per cent threshold in 2016 as predicted by inflating its figures by rolling in the cost of military pensions and some intelligence work for the first time.

See also  Biden Praises Turkey’s Erdogan for Having the ‘Courage’ to Stop Blocking Sweden from NATO

The move was criticised by some as “creative accounting” at the time, but the change in accounting methods was accepted as legitimate by NATO.

NATO Chief Agrees With Donald Trump, Europe Should Stump Up More Cash For Military Alliance https://t.co/KxcgHd1lAI pic.twitter.com/KgmShhaCu9

— Breitbart London (@BreitbartLondon) June 8, 2016

Accounting Defence Germany Meet NATO Obligations Trick
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Meet The 9 Lawmakers Who Out-Traded Nancy Pelosi In The Stock Market Last Year

January 8, 2025

‘We Will Be Relentless’: One. Simple. Trick … And Corporations Scramble To Kill ‘Divisive’ Diversity Policies

September 12, 2024

Housing Costs Surge In July, Accounting For 90% Of Total Inflation

August 14, 2024

Germany Is Phasing out Chinese Tech From 5G Networks. Is It the Right Call?

July 26, 2024
Add A Comment

Leave A Reply Cancel Reply

Top Posts

‘It’s An Absolute Joke’: Sol Wisenberg Blasts Idea That Putting Biden On The Stand Would Be A ‘Constitutional Crisis’

August 22, 2023

One In Three Jobs Biden Admin Announced Over Course Of A Year Didn’t Actually Exist, Revisions Show

August 24, 2024

Piers Morgan shuts down Dem lawmaker for attacking Riley Gaines — then Gaines responds to accusations

April 17, 2023

This Decongestant In Popular Cold Medicines Doesn’t Work, FDA Panel Says

September 12, 2023
Don't Miss

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

Business May 29, 2025

Consumers’ Research issued a “Woke Alert” on Thursday warning American shoppers that three European companies…

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,136)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,645)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Dow Jones Futures Rise On Cool CPI Inflation Data; Cathie Wood Sells $92 Million Of Tesla Stock

June 13, 2023

Spanish Soccer President Luis Rubiales Refuses to Resign After Kissing Female Soccer Star on the Lips After World Cup Win

August 26, 2023

USA Today will stop running ‘Dilbert’ cartoon after racial comments by creator Scott Adams

February 26, 2023
Popular Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.