💨 Abstract

This article talks about an upcoming NATO summit. NATO is proposing a 5% GDP defense spending target, but this target won't apply to every member. They propose that core defense to GDP spending should be 3.5%. For the core target, Spain exempts itself citing economic challenges and instead aims to spend 2.1%. Other countries like the U.S. and Italy still debate the exact timelines and specifics for achieving the new goals.

Courtesy: WTOP Staff