Tag: Chancellor Friedrich Merz

German auditors warn of ‘unlimited’ debt for defence

A 2000 A2 self-propelled howitzer drives on the grounds of the Weiden-Frauenricht military training area on June 27, 2024 at Bavaria, Weiden | File Photo: Armin Weigel/dpa

Germany’s Federal Court of Audit warned that a ‘signal of unlimited willingness to incur debt’ could lead prices in defence industry to soar, with incentives for industry to charge higher prices for the same services due to ‘almost unlimited availability of financial resources and increased demand.’