NATO chief: US allies to spend $12 billion more this year
Jun 28, 2017 19:15:41 GMT -5
2foolish likes this
Post by DDNYjets on Jun 28, 2017 19:15:41 GMT -5
Amazing what a little posturing can do.
www.foxbusiness.com/politics/2017/06/28/nato-chief-us-allies-to-spend-12-billion-more-this-year.html
www.foxbusiness.com/politics/2017/06/28/nato-chief-us-allies-to-spend-12-billion-more-this-year.html
NATO's chief says U.S. allies are projected to spend around $12 billion more on defense this year, after President Donald Trump berated them for failing to boost military budgets.
NATO Secretary-General Jens Stoltenberg said Wednesday that "we have really shifted gears. The (spending) trend is up and we intend to keep it up."
Unveiling new figures, Stoltenberg said European allies and Canada have increased spending by almost $46 billion over the last three years.
He said 25 of NATO's 29 allies aim to raise defense spending in 2017.
Only the United States, Britain, Estonia, debt-burden Greece and Poland met NATO's spending targets last year. Romania says it will meet the 2 percent of GDP guideline this year, while Latvia and Lithuania plan to in 2018.
NATO Secretary-General Jens Stoltenberg said Wednesday that "we have really shifted gears. The (spending) trend is up and we intend to keep it up."
Unveiling new figures, Stoltenberg said European allies and Canada have increased spending by almost $46 billion over the last three years.
He said 25 of NATO's 29 allies aim to raise defense spending in 2017.
Only the United States, Britain, Estonia, debt-burden Greece and Poland met NATO's spending targets last year. Romania says it will meet the 2 percent of GDP guideline this year, while Latvia and Lithuania plan to in 2018.
