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00:00A massive new defence budget for Denmark.
00:04The Prime Minister, Mette Frederiksen, announced on Wednesday the surge in military spending
00:09after attending emergency talks with European leaders earlier this week.
00:14We are facing an aggressive Russia that is rearming, and which may be getting ready to
00:20attack other countries.
00:22We are in the most dangerous situation we've been in for many, many years.
00:27Now we are allocating $7 billion over the next two years with a message for the Chief
00:31of Defence.
00:32Buy, buy, buy.
00:34Buy what you can contribute here and now to a stronger defence and thus to stronger deterrence.
00:44This will raise Denmark's defence spending to 3% of its GDP, the highest level in more
00:50than 50 years.
00:51The government says it aims to address critical shortcomings, especially in air missile defence
00:57systems.
00:58This announcement came just hours before French President Emmanuel Macron held a new meeting
01:04on Ukraine with several smaller European countries, including Denmark's neighbour Sweden.
01:10A country that has drastically increased its defence spending in recent years, and is now
01:15urging other nations to follow suit.
01:19Regarding Ukraine, Europe is currently at a crossroads, and the world is at a turning
01:24point.
01:25More countries now, at a dramatic pace, I emphasise this, at a dramatic pace, must build
01:30up their national defences.
01:34Citing the worsening security situation across Europe and an unprecedented U-turn in US foreign
01:40policy under President Donald Trump, Sweden and Poland earlier in the day agreed to strengthen
01:46and deepen their cooperation, both politically and in civil defence.