💨 Abstract

Italy has urged the EU to provide a bond guarantee for defense spending, as the country is unlikely to meet the NATO target of 2% of GDP by 2028 due to the EU's revamped fiscal rules. The Italian government, led by Prime Minister Giorgia Meloni, aims to increase defense spending but is concerned about the impact on public debt.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖