American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Latest News

Record 18 NATO states expected to meet 2% defense spending threshold this year

by admin February 16, 2024
February 16, 2024
Record 18 NATO states expected to meet 2% defense spending threshold this year

Eighteen of NATO’s 31 members are expected to spend at least 2% of their GDP on defense this year, the treaty organization’s leader said on Wednesday.

“That is another record number and a six-fold increase from 2014 when only three allies met their target,” NATO Secretary-General Jens Stoltenberg said Wednesday ahead of a meeting between the alliance’s defense ministers in Brussels.

Former US President Donald Trump, who is running for reelection in November, brought renewed scrutiny to the issue of defense spending among NATO members last weekend, when he said at a rally he would encourage Russia to do “whatever the hell they want” to any NATO member country that doesn’t meet spending guidelines on defense – effectively undercutting the collective defense clause at the heart of the treaty.

Stoltenberg said Monday such comments put European and American soldiers at an increased risk.

“Any suggestion that allies will not defend each other undermines all of our security, including that of the US, and puts American and European soldiers at increased risk,” Stoltenberg said.

The NATO chief acknowledged on Wednesday that criticism of members not spending enough was “a valid point … and a message that has been conveyed by successive US administrations, that European Allies and Canada have to spend more, because we haven’t seen fair burden sharing in the alliance.”

To better share that burden, NATO members pledged a decade ago to increase their defense spending to 2% of GDP for each country.

Among the countries to hit the target recently is Germany. The German Defense Ministry said Wednesday that its 2024 budget will see its defense spending meet the 2% threshold for the first time since the early 1990s.

As a whole, NATO’s European allies are expected to spend 2% of their combined GDP on defense for the first time this year.

This post appeared first on cnn.com

0
FacebookTwitterGoogle +Pinterest
previous post
‘Erasing a part of history’ – What a double mosque demolition tells us about India ahead of crucial election
next post
Israeli hostage families seek justice with war crimes complaint against Hamas

Related Posts

Hong Kong journalist says she was fired by...

July 18, 2024

Venezuela builds forces near border with Guyana despite...

February 11, 2024

African leaders spearhead efforts to tackle terrorism across...

April 25, 2024

Delhi suffers extreme weather whiplash as heat waves...

July 2, 2024

Interview: Can USD1 stablecoin solve the crypto trust...

April 8, 2025

Pakistan’s youth deliver stinging rebuke to military elite...

February 13, 2024

Lukashenko undermines Putin’s Ukraine claim on Moscow concert...

March 28, 2024

Germany to halve military aid for Ukraine despite...

July 18, 2024

Blueberry grown in Australia breaks record as world’s...

March 16, 2024

Will the EU ‘pay a big price’ for...

October 30, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Saudi Arabia poised to raise September crude prices to five-month highs

      July 28, 2025
    • From $824 to over $1,300: how soaring rents are consuming American paychecks

      July 27, 2025
    • India-UK sign historic free trade deal: here’s all you need to know

      July 24, 2025
    • Talen Energy surges 25% to ATH after strategic natural gas power plant acquisition

      July 20, 2025
    • US visa bans on Brazilian judges spark diplomatic rift, cloud economic ties

      July 20, 2025

    Categories

    • Business (3,550)
    • Investing (2,686)
    • Latest News (2,024)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved