Germany commits €100bn to new armed forces fund

German Chancellor Olaf Scholz (Michael Sohn/AP)

German chancellor Olaf Scholz has said Germany is committing €100bn to a special fund for its armed forces, raising its defence spending above 2% of GDP.

“It’s clear we need to invest significantly more in the security of our country, in order to protect our freedom and our democracy,” Mr Scholz told a special session of the Bundestag in Berlin on Sunday morning.