Bastian Gegrich is director of defense and military analysis at the International Institute for Strategic Studies. From 2010 to 2015 he worked for Germany's Ministry of Defense. He argues that Germany needs to do even more to defend itself and its allies. The Bloomberg Green Summit returns to New York April 26th don't miss conversations with climate champions addressing solutions to the planet's most pressing challenges.
For decades, Germany has downplayed military spending. But after Russia’s invasion of Ukraine, the government reversed its longstanding ban on sending weapons into war zones, and announced a plan to spend an additional 100 billion euros to upgrade its armed forces.
Bloomberg senior editor Alan Crawford joins this episode to explain why the country’s defense industry is booming—and why that’s dividing a public wary of a German military resurgence. And military analyst Dr. Bastian Giegerich makes the case for why Germany should be spending even more to prepare for current and future threats.
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