🌍 NATO’s proposal to hike defense spending to 5% of GDP is sparking debates about its economic and social costs. With tensions rising globally, the alliance wants members to boost military budgets – but can cash-strapped nations afford it? 💸
The 2% Struggle
Back in 2014, NATO countries pledged to spend 2% of GDP on defense. Fast-forward to 2024: 22 of 32 members barely hit this target, while others like Belgium and Spain still lag. Now, former U.S. President Donald Trump’s call to more than double spending adds fuel to the fire 🔥.
Europe’s Tightrope Walk
Many European nations face economic headwinds – think inflation, energy crises, and healthcare demands. Defense economists warn even a 10% GDP growth would take a decade to sustainably reach 3% spending. With public resistance to military splurges, leaders risk political backlash 🤯.
What’s Next?
As NATO prepares to finalize plans at its June summit, the big question remains: Will this arms race drain resources from climate action, education, and social programs? 📉 Analysts say the move could deepen inequality while reshaping global security dynamics.
