• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Finance

    Posted By Global Banking and Finance Review

    Posted on December 18, 2024

    Featured image for article about Finance

    BERLIN (Reuters) - Germany may increase the size of its armed forces to 230,000, up from the current target of 203,000, Defence Minister Boris Pistorius said on Wednesday, as the NATO alliance looks to boost its strength after the Russian invasion of Ukraine in 2022.

    Germany's armed forces, or Bundeswehr, currently has some 180,000 personnel in uniform, around 20,000 short of the current target as it has been struggling for years to recruit people.

    "We are planning to raise the number of uniformed personnel to 203,000, and probably heading rather in the direction of 230,000 due to NATO's capability targets," Pistorius told parliament in Berlin.

    NATO is set to agree new and more demanding targets for the number of allied forces and weapons in 2025, reflecting what the alliance sees as a deterioration of the security situation since Russia's full-scale attack on Ukraine.

    Reuters has previously reported that NATO planners believe the alliance will need between 35-50 extra brigades to withstand a Russian attack. A brigade consists of 3,000 to 7,000 troops, which would mean anywhere from 105,000 to 350,000 soldiers.

    Under this scenario, Germany - which usually provides around 10% of NATO's capabilities - would need 3-5 extra brigades or 20,000 to 30,000 additional combat troops. That is effectively one more division on top of the three divisions Berlin is working to equip at the moment.

    The Defence Ministry in Berlin has declined to comment on classified plans.

    Chancellor Olaf Scholz's government ramped up military spending after the Russian invasion, bringing its defence spending into line with NATO targets for the first time in decades. But questions remain over how to maintain such spending.

    Budget rows toppled Scholz's three-party coalition last month, precipitating a snap election in February.

    (Reporting by Sabine Siebold; editing by Matthias Williams and Gareth Jones)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe