Where does the Bundeswehr stand in the ranking of military powers?

I just read in Manager Magazin that the Bundeswehr ranks 5th in the world in terms of its military budget, but only 25th in terms of firepower. Great Britain ranks 7th in budget – but 5th in firepower, Italy firepower 10 / budget 12 and France firepower 9 and budget 9. What's going wrong? Why…

Do you think that the new Defense Minister Boris Pistorius, chosen by Olaf Scholz (Chancellor), is a surprisingly good choice?

In fact, he seems to be well-versed in his new role, almost without any training. Hopefully, the Leopard tanks will now be handed over to Ukraine promptly, unless the other NATO partners unexpectedly put the brakes on.