Germany Unveils Bazooka... The EU A Peashooter

By Ana Andrade, Bloomberg Markets Live reporter and strategist

The European Commission reckons it can mobilize €800 billion - or about 4.5% of the bloc’s GDP - with its latest measures to bolster defense spending. But a look at the details suggests the package is far less revolutionary than it may seem. While it works for Germany, which has already launched its own massive defense plan,