EU countries will only be able to spend around €500B on defense over the next five years, rather than the desired €800B. According to Fitch Ratings, the EU is contemplating a significant increase in defense spending as the United States, which ensured Europe’s security post-World War II, has shown reluctance to continue... #DefenseBudgetNATO #DefenseIndustryEU #DefenseSpending #EUdefense #France #Germany #NATO
NATO will not support Trump’s calls to increase defense spending to 5% of GDP and seeks compromise. Trump recently said that NATO countries should spend 5% of their GDP on defense. No NATO country, including the US, has reached the 5% spending target. NATO officials agree with the need for further i... #DefenseBudgetNATO #DefenseSpending #DonaldTrump #NATO
Western countries must spend $10T on defense to effectively deter dictatorial regimes. In 2024, defense spending by European NATO members will reach 2% of GDP ($470B) for the first time. However, to ensure effective defense and maintain its deterrence policy, NATO countries must increas... #DefenseBudgetNATO #EUdefense #G7 #MilitarySpending #NATO
