Part 1/10:
The Current Landscape of NATO Defense Spending in Europe
In recent years, defense spending among European NATO members has seen a significant uptick, largely as a direct response to Russia's invasion of Ukraine. The summer of 2024 is poised to be a pivotal moment, as these nations are expected to reach a consensus on a new spending target. However, former President Donald Trump stirred controversy last week by advocating for NATO members to ramp up their defense expenditure to 5% of their GDP, a figure that more than doubles the current target and exceeds even the United States' spending of just over 3%.