NATO Nations To Step Up Defense Spending

1 day ago NATO Secretary-General Mark Rutte is upbeat that the military organization will agree a massive spending hike at a “transformational summit,” as member state leaders including U.S. President Donald Trump are expected to agree a new defense spending target of 5% of gross domestic product. Russia remains the major threat in Europe, but the United States is shifting its attention to focus on security priorities elsewhere. Ahead of the meeting, Spain officially announced that it would not be able to reach the target by the new 2035 deadline, calling it “unreasonable.” Belgium signaled that it will not get there either, and Slovakia said it reserves the right to decide its own defense spending.