Panter calls for open debate on arms industry - Saxon Minister Advocates Open Debate on Armament Industry's Role in Defense and Economy
Saxon Economics Minister Dirk Panther (SPD) has sparked debate by advocating for an open discussion on the armament industry. Panther, who recently visited companies in the security and defense sector, argues that this industry plays a crucial role in Germany's defense capabilities and economic growth.
Panther's visit covered over 80 companies employing around 2,000 people in Saxony. He believes that to deter aggressors, Germany needs to strengthen, not weaken, its armament industry. Panther warns that hesitation or refusal to invest in this sector could lead to job losses and missed opportunities for innovation and industrial growth elsewhere in Germany.
Panther questions the alternative to industrial settlements, querying where new jobs and economic structural change would come from. He firmly believes that Germany must become economically defense-capable, with Saxony aiming to benefit from the federal government's planned billion-euro investments in defense capability. Panther states, 'Life doesn't work on wishes,' emphasizing the need for Saxony to keep pace economically.
Panther's visit to Saxony's defense and security companies highlights the importance of this sector to the region's economy. He calls for an open debate, stressing the need for investment to maintain jobs, innovations, and industrial value creation. With billions in federal investments planned, Saxony aims to capitalize on this opportunity to strengthen its economic defense capabilities.
