Tag #Defense Bank

What is the immediate impact of NATO members failing to meet their defense spending targets, and what are the most significant implications for European security?

Eight NATO countries failed to meet their 2% defense spending target in 2024, highlighting a critical shortfall in collective defense capabilities. The European Commission estimates a €500 billion investment is needed over the next decade to address this gap, underscoring the scale of the challenge. This shortfall leaves Europe vulnerable and raises concerns about collective security.