6.7 billion euros over the next two years – Why is Denmark significantly increasing defense spending?!
Denmark will spend an additional 50 billion kroner (6.7 billion euros) on defense over the next two years, amid the continuing threat that Russia poses to Europe, Danish Prime Minister Mette Frederiksen has announced.
Speaking alongside her foreign and defense ministers at a press conference at Christiansborg Palace in Copenhagen, the Danish leader promised massive rearmament, saying it was "Denmark's security that is at stake."
Frederiksen stressed that it had been a mistake for countries like Denmark to cut defense spending in recent decades. "Don't cut defense again," the Danish prime minister said. "This should never happen again."
As a result of Russian President Vladimir Putin's actions in Ukraine, European security is under threat, she said. "We don't know what he [Putin] is planning, but we know that he and Russia are in the process of rearming," Frederiksen added.
In a message to her Defense Minister Troels Lund Poulsen, she instructed him to "buy, buy, buy!" “If we can't get the best equipment, buy the next best. There's only one thing that matters now, and that's speed.”
However, Danish political commentators said the press conference was short on details about what the new budget would actually be spent on.
Denmark will now spend more than 3% of its GDP on defense, according to Foreign Minister Lars Løkke Rasmusse.
The additional spending promised on Wednesday comes after Danish authorities announced last year that they would spend 190 billion kroner (25.5 billion euros) on the military over the next 10 years.
The latest expansion of the Danish military budget comes after new US President Donald Trump has called on European countries to spend more on defense.
The Trump administration shocked Europe last week when US Defense Secretary Pete Hegseth told the continent's leaders that they, not the US, should guarantee European security.
European leaders have also been alarmed by Trump's decision to exclude Ukrainians from talks this week in Saudi Arabia on a possible ceasefire in Ukraine.
Trump has even personally attacked Ukrainian President Volodymyr Zelenskyy. In a social media post on Wednesday, the US president called the democratically elected wartime leader a "dictator."
Poll
Sa ju bindin programet ekonomike të partive për zgjedhjet e 11 majit 2025?
-
Janë të detajuara dhe të realizueshme
-
Kanë ide të mira, por mungojnë detajet e zbatimit
-
Janë premtime të parealizueshme
Albania advances on the path towards the EU - Gonxhja: Group chapters 2 and 3 of the negotiations are opened!
The Minister of Economy, Culture and Innovation, Blendi Gonxhja, announced today through a post on social networks that Albania is advancing on the path......
The Murriz Tunnel on Arbri Street – Rama: Ready in March!
Prime Minister Edi Rama, during a conversation with citizens on social networks in the "Sy m'sy" column, declared today that the Murriz tunnel on Arbri......
1000 wheelchairs donated to para-tetraplegics - Samir Mane: I'm sure this is just the first step
In Tirana, at the "Asllan Rusi" Sports Palace, the Mane Foundation and the "Fundjava Ndryshe" Foundation started the initiative to distribute 1,000......
How much are the major currencies being exchanged today?
The European currency was bought today at 98.9 lek and sold at 99.6 lek, gaining points from yesterday as it started the day on the rise according to the......
Leasing and tourism, a winning combination - The tool that is helping car rental companies grow
“Leasing” has become a key tool for the development of the car rental sector in Albania. Leasing is a form of long-term rental, where a company offers an......
January 2025, tax revenues 5.4 million lek more than planned - Taxes: Positive performance, 15% more revenue than a year ago
January of this year has been successful for the General Directorate of Taxes. Referring to the latest data, the General Directorate of Taxes announces that......
Eurobond of 650 million euros is expected to be 10-year - Interest period 11 February - 11 March 2025
Albania has begun the process of issuing a new Eurobond worth 650 million euros, a key move to finance current debt and support the economy. In a London......
Leasing and tourism, the winning combination/ The tool that is helping car rental companies grow
“Leasing” has become a key tool for the development of the car rental sector in Albania. Leasing is a form of long-term rental, where a company offers an......
