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 Golden Opportunities in a Turbulent World: Precious Metals Thrive Amidst Polycrisis READ MORE Fed's Barr: Disappointing Inflation Data Delays Rate Cuts READ MORE July Sees Record Central Bank Gold Acquisition Since January READ MORE Middle East Tensions Stir Global Economic Concerns as Oil Prices Climb READ MORE U.S. Economy Defies Expectations: GDP Grows 2.8% in Q2 READ MORE Add a Comment Cancel replyYour email address will not be published.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