Germany to set up €100bn fund to boost its military strength

Chancellor Olaf Scholz says urgency of Ukraine crisis has forced decision to increase defence spending Ukraine Russia news: latest updates In a historic announcement to parliament the German chancellor, Olaf Scholz, has said a fund of €100bn (£85bn) will be set up immediately in order to boost the strength of the country's armed forces, as he also announced a sustained increase in defence spending over the coming years. Scholz admitted that the urgency of the Ukraine crisis had forced the dec...