Spanish PM says ‘industrial and technological plan’ will ensure country commits to spending 2% of GDP on defence
Spain has announced a €10.5bn investment plan to ensure it will reach its long-delayed Nato commitment of spending 2% of its GDP on defence this year, saying it has become obvious “only Europe will know how to protect Europe” from now on.
The country – which lags well behind other western nations by dedicating about 1.3% of its GDP to defence spending – is one of the Nato members that has been pressured by the Trump administration to increase its spending, and had previously committed to hitting the 2% threshold by 2029.
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