Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day.
The economy and markets are “under surveillance”. Bloomberg Surveillance, covering the latest news in finance, economics and investments.
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Chancellor Olaf Scholz seems to have finally figured out the Ukrainians need battle tanks to defeat the Russians. Eventually, they’ll need fighter jets too.
The Chancellor learns about his Leopards.
Photographer: Ronny Hartmann/AFP via Getty Images

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European politics got a huge burst of kinetic energy this week, thanks to the realization in places like Berlin that the war in Ukraine will become kinetic again come spring. That’s when the Russians are expected to launch a new offensive — and the Ukrainians their own counter-attacks to retake occupied territories. 
For the Ukrainians to succeed in that next phase — which think tankers describe as “maneuver warfare” — they’ll need super-mobile Western weapons such as battle tanks. But for Kyiv to get those, Western leaders such as German Chancellor Olaf Scholz must first become unblocked. With a new German defense minister and a new stance toward arms shipments, he finally seems to be getting close.

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