The European members of NATO would have to allocate an average of 0.8% of GDP per year in order to increase defence spending to 3%

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The European members of NATO would have to allocate an average of 0.8% of GDP per year in order to increase defence spending to 3%

Alvise Lennkh-Yunus Market Consensus, Eiko Sievert and Brian Marly (Scope Ratings) Meeting NATO's proposed 3% of GDP spending target would increase national budget deficits and EU debt, while weakening sovereign credit profiles, unless Member States cut other expenditures, raise taxes or agree on joint defence financing. EU Member States would have to allocate, on average, [...]