#Latest news with #NATOLeadersBloomberg2 days agoBusinessBloombergItaly Seeks More Time to Reach NATO's New Defense Spending GoalItaly will need a decade to meet NATO's planned defense spending target of 5% of GDP, Foreign Minister Antonio Tajani said on Thursday, as the alliance debates how quickly it can achieve the steepest military ramp-up since the Cold War. The leaders of the North Atlantic Treaty Organization are expected to commit to allocating at least 3.5% of economic output to core defense requirements by 2032, plus an additional 1.5% to protect infrastructure at the the summit in The Hague on June 24-25.
Bloomberg2 days agoBusinessBloombergItaly Seeks More Time to Reach NATO's New Defense Spending GoalItaly will need a decade to meet NATO's planned defense spending target of 5% of GDP, Foreign Minister Antonio Tajani said on Thursday, as the alliance debates how quickly it can achieve the steepest military ramp-up since the Cold War. The leaders of the North Atlantic Treaty Organization are expected to commit to allocating at least 3.5% of economic output to core defense requirements by 2032, plus an additional 1.5% to protect infrastructure at the the summit in The Hague on June 24-25.
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