Report: Germany's Military Upgrade Will Take 50 Years at Current Pace.

A report by Germany's Federal Audit Office has found that the country's military upgrade will take "half a century" at the current pace of defense spending. The report also criticized the government for not allocating enough funds for modernization and warned that Germany's military readiness is at risk. The report comes as NATO members have pledged to increase defense spending to 2% of GDP, a target that Germany has yet to meet.