NATO urges members to increase defense spending as only 7 meet targets.

1 min read
Source: POLITICO Europe
NATO urges members to increase defense spending as only 7 meet targets.
Photo: POLITICO Europe
TL;DR Summary

Europe's largest economies, including Germany, Italy, and France, all fell short of NATO's defense spending target of 2% of economic output. Only seven out of 30 members spent at least 2% of their GDP on defense last year. While allies have been pouring significantly more money into their militaries for years, many are still largely lagging behind an alliance spending target, set in 2014, to spend 2% on defense within a decade.

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