Tag #Defence Budget

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theglobeandmail.com
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Canada's Defence Spending Dilemma: Balancing Security and Economic Reality

Canada faces difficult budget decisions as it prepares for G7 and NATO summits requiring increased defence spending, potentially reaching 5% of GDP, despite a $43-billion deficit and economic challenges from trade wars; public support is lukewarm beyond the current 2% NATO target.

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dw.com
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US Outlines New Ukraine Strategy, Shifts Burden to Europe

US Secretary of Defense Pete Hegseth announced at a NATO meeting that the US will not support Ukraine's rapid NATO membership, send troops to Ukraine, or participate in NATO-led peacekeeping operations, while demanding a 5% defense spending target from NATO allies.

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ru.euronews.com
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"EU Military Spending Hits Record High Amidst Growing Security Concerns"

"The European Union's military spending reached a record high of 279 billion euros in 2023, a 10% increase from 2022, driven by security concerns following Russia's actions in Crimea and a growing need for domestic arms production, with NATO suggesting that 2% GDP spending is insufficient for long-t...

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kathimerini.gr
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Greece Unveils €25 Billion 12-Year Defense Modernization Plan

Greece unveiled a €25 billion (potentially €28 billion) 12-year defense plan, focusing on modernizing its armed forces with new weaponry, command, and satellite systems, and creating a multi-layered 'Achilles Shield' island defense system; Parliamentary discussions began with opposition objections.

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dw.com
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Germany to Increase Defense Spending to over 120 Billion Euros

German Defense Minister Boris Pistorius announced Germany's commitment to a significant security role in Ukraine after a ceasefire, emphasizing the need for increased defense spending (at least 3% of GDP, totaling over "120 billion euros") due to Russia and potential US policy changes under Presiden...

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Showing 1 to 5 of 5 results