International Macroeconomics NATO accelerates pressure to increase military spending, among others, to Italy and Spain

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International Macroeconomics NATO accelerates pressure to increase military spending, among others, to Italy and Spain

Consensus of the Banking Market March NATO Secretary General Mark Rutte yesterday asked Alliance partners to raise military spending to 2% of GDP by summer and warned that anyone who does not comply will receive “a call from a very nice man in Washington,” alluding to President Trump. As Rutte said yesterday, it is already “22 or 23” states that comply with the 2% commitment, but some still lag behind – Italy and Spain, among others – and [...]