Tensions continue to rise throughout Europe, but the vast majority of NATO member states still aren’t meeting the alliance’s defense spending targets, with eight states actually seeing their defense expenditures fall. Every NATO member state is expected to spend at least 2% of its annual GDP on defense spending. However, following the end of the Cold War and two decades of relative peace, the vast majority of NATO states do not meet their budgetary goals. Now, according to NATO’s latest annual report released on June 22nd, only Estonia, Poland, the UK, Greece, and the US are projected to meet …read more
Source: Business Insider
