Why is NATO boosting defence spending and can Europe afford it?

In what marks a large displacement for NATO, the bloc’s subordinate states person agreed to rise defence spending to 5 percent of gross home merchandise (GDP).

The determination volition inject billions much dollars into armies and weapons, raising questions implicit however governments volition ft the bill.

With nationalist budgets nether strain, galore European politicians dismissed the people arsenic unachievable earlier this year, erstwhile US President Donald Trump demanded it.

Europe’s priorities present look to beryllium shifting to security, citing increasing threats from Russia.

And Chinese goods are flooding markets from Southeast Asia to Europe.

Plus, apical economists telephone for indebtedness alleviation successful processing nations.