Germany’s decisions on China’s Huawei, Russia’s Nord Stream 2 & now Iran-backed Hezbollah
That is a tweet from Velina Tchakarova. Germany will not list Hezbollah as a terrorist group, in case you missed that piece of news. And the country will not ban Huawei infrastructure as a potential piece of its communications networks. Furthermore:
The projections peg the [German] military budget to be several billion euros short of the trajectory to meet the government’s goal of reaching 1.5 percent of gross domestic product by 2024. Analysts even see the current spending curve unable to sustain 1.35 percent in the years ahead.
NATO members in 2014 agreed to boost their defense spending to 2 percent of GDP within 10 years.
Italy, by the way, just endorsed China’s One Belt, One Road initiative, the only G7 member to do so.
For all the talk about Brexit, these may end up being the relevant “exits” of our time. And if anyone is working hard to make Brexit seem like a somewhat less bad idea, I suppose that is Germany and Italy, not anyone in British politics.