German politicians love to heap scorn on President Trump, but then they shouldn’t try so hard to prove him right. Witness this week’s Berlin backslide on military spending. The budget now under discussion in Berlin foresees defense-spending increases until 2020 but declines after that, both in euros and as a share of GDP. Military spending would max out at €45.1 billion next year, or 1.37% of economic output, before falling to €44.3 billion by 2022. On this course Berlin won’t make...

Source: Wall Street Journal March 20, 2019 22:52 UTC