Originally Posted by
Less Hair
A direct result of their inflation that is caused by Russia's energy war going on and increased energy prices. 100 billion Euros won't buy as much as hoped for a year ago. I agree they should increase military spending again but that won't help inflation either. They try to keep their economy going by desperately subsidising energy costs.
The stupid thing they did was turning to Russia for energy supplies. Now they pay the price.
Indeed! The 100 billion will remain. They will sadly just get way less bang for the buck due to inflation. But that will not only apply to Germany. Wonder what will happen to Poland's ambitious procurement plans?!
The Euro took a hit. And the Zloty even a bit worse. And they are massively shopping outside Euro currency area. I have the feeling that more than a few ambitious procurment plans will face a revision in the next few years.