France's Macron Raises Defense Budget, Says Europe Under Threat
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President Emmanuel Macron said France will make a 'new' and 'historic' effort to increase defense spending to counter an acceleration of threats to freedom in Europe and the risk of outright war in the coming years.
In a speech Sunday, the French leader said he will double the annual defense budget from when he took office in 2017 to €64 billion ($75 billion) by 2027, instead of 2029 as previously planned. That will require an additional €3.5 billion next year and €3.2 billion more the following year.
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