Article 6WSCT Spain unveils €11bn plan to reach long-delayed Nato defence spending target

Spain unveils €11bn plan to reach long-delayed Nato defence spending target

by
Sam Jones in Madrid
from Economics | The Guardian on (#6WSCT)

Spanish PM says industrial and technological plan' will ensure country commits to spending 2% of GDP on defence

Spain has announced a 10.5bn investment plan to ensure it will reach its long-delayed Nato commitment of spending 2% of its GDP on defence this year, saying it has become obvious only Europe will know how to protect Europe" from now on.

The country - which lags well behind other western nations by dedicating about 1.3% of its GDP to defence spending - is one of the Nato members that has been pressured by the Trump administration to increase its spending, and had previously committed to hitting the 2% threshold by 2029.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments