Wednesday, July 6, 2016 - 06:52
NATO has a $100 billion problem. That’s the gap between what NATO countries have committed to spend on defense and what they actually spent in 2015. With global threats on the rise, $100 billion per year would mark a major increase in NATO’s ability to defend itself and maintain the peace in Europe. It seems that NATO members are spending $105 billion less per year on defense than they have committed, with non-U.S. NATO defense spending is 30 percent short of where it should be.
