The $10 Trillion Defense Dilemma: Calls for Doubling NATO Defense Spending With escalating geopolitical tensions, including a more assertive Russia, instability in the Middle East, and China’s military expansion, global defense spending hit a record $2.2 trillion last year. Despite this, experts argue that European Union nations and their allies need to significantly increase their military budgets to meet 21st-century security demands. While political leaders praise progress towards NATO’s defense spending goal of 2% of GDP, security officials suggest that spending levels reminiscent of the Cold War era, possibly as high as 4% of GDP, are necessary to fulfill the alliance’s strategic objectives. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts China's Top Banks Launch $8.3 Billion Bond Sale to Boost Capital Reserves READ MORE Gold's Unprecedented Surge in an Everything Rally READ MORE Incrementum: Monthly Gold Compass February 2024 READ MORE Zimbabwe's New Gold-Backed Currency Marks Promising Start READ MORE Consumer Prices Cool Further: June Marks First Monthly CPI Drop Since 2020 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment