NATO Defense Spending to Boost European Economy and Create 680,000 Jobs
A study by EY and Deka-Bank shows that €72 billion in planned NATO defense spending over six years will generate €157 billion in economic activity and 680,000 jobs across 30 European nations, with further increases projected.
NATO Defense Spending to Boost European Economy and Create 680,000 Jobs
A study by EY and Deka-Bank shows that €72 billion in planned NATO defense spending over six years will generate €157 billion in economic activity and 680,000 jobs across 30 European nations, with further increases projected.
Progress
48% Bias Score
Denmark Invests $2 Billion in Arctic Military Amidst Geopolitical Tensions
Denmark will invest $2.05 billion in its Arctic military, prompted by US President Trump's interest in Greenland and worsening security concerns involving Russia and China, enhancing surveillance and asserting sovereignty.
Denmark Invests $2 Billion in Arctic Military Amidst Geopolitical Tensions
Denmark will invest $2.05 billion in its Arctic military, prompted by US President Trump's interest in Greenland and worsening security concerns involving Russia and China, enhancing surveillance and asserting sovereignty.
Progress
40% Bias Score
EU's €1.5 Billion Defense Budget Falls Short of Needs, Sparking Funding Debate
Facing shortages in munitions production after its support for Ukraine, the EU proposed a €1.5 billion defense budget for 2025-2027, a sum far below the estimated €500 billion needed over the next decade, sparking debate on funding mechanisms and highlighting potential divisions within the bloc.
EU's €1.5 Billion Defense Budget Falls Short of Needs, Sparking Funding Debate
Facing shortages in munitions production after its support for Ukraine, the EU proposed a €1.5 billion defense budget for 2025-2027, a sum far below the estimated €500 billion needed over the next decade, sparking debate on funding mechanisms and highlighting potential divisions within the bloc.
Progress
36% Bias Score
EU Leaders Urge Increased National Defense Spending, Rejecting Common Funding
EU leaders, meeting in Brussels, decided against increasing common defense spending, instead urging the European Commission to find ways to boost national investments and explore flexibilities in the Stability and Growth Pact to allow for increased national defense expenditure.
EU Leaders Urge Increased National Defense Spending, Rejecting Common Funding
EU leaders, meeting in Brussels, decided against increasing common defense spending, instead urging the European Commission to find ways to boost national investments and explore flexibilities in the Stability and Growth Pact to allow for increased national defense expenditure.
Progress
56% Bias Score
Denmark Invests €2 Billion in Enhanced Arctic Security
Denmark announced a €2 billion investment in bolstering Arctic security, deploying additional ships, drones, and satellites, alongside a new defense agreement with Greenland and the Faroe Islands, in response to growing security concerns and geopolitical competition.
Denmark Invests €2 Billion in Enhanced Arctic Security
Denmark announced a €2 billion investment in bolstering Arctic security, deploying additional ships, drones, and satellites, alongside a new defense agreement with Greenland and the Faroe Islands, in response to growing security concerns and geopolitical competition.
Progress
44% Bias Score
Record EU Military Spending Reaches €279 Billion in 2023
EU military spending reached a record €279 billion in 2023, a 10% increase from 2022, driven by geopolitical concerns and the need to modernize equipment, with expectations to reach €326 billion in 2024; NATO's new plan might require up to 3% of GDP for long-term deterrence.
Record EU Military Spending Reaches €279 Billion in 2023
EU military spending reached a record €279 billion in 2023, a 10% increase from 2022, driven by geopolitical concerns and the need to modernize equipment, with expectations to reach €326 billion in 2024; NATO's new plan might require up to 3% of GDP for long-term deterrence.
Progress
48% Bias Score