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Wednesday, 06/25/2025, Video Clip |
NATO Leaders Agree To 5% Hike In Defense Spending As Rutte Warns 'No Opt-Outs Or Side Deals'![]() As expected, NATO members have agreed to new commitment to significantly boost defense spending, aiming to raise military budgets to 5% of GDP over the next decade—more than double the current 2% benchmark—at the ongoing major annual summit being held in The Hague. NATO's 32 leaders proclaimed Wednesday: “Allies commit to invest 5% of GDP annually on core defense requirements as well as defense-and security-related spending by 2035 to ensure our individual and collective obligations.” The Trump-backed decision is being finalized in Netherlands this week, with NATO Secretary General Mark Rutte having hailed the proposal as a "quantum leap' during a press briefing. Trump declared Tuesday that we're with NATO "all the way". And on Wednesday he's expected to give a big address, as all eyes are focused on the Iran bombing and what's next. The only real surprise out of the summit: Zelensky dons a suit. Bloomberg notes, also as fully expected and long ago previewed, that the spending target includes 3.5% via core defense and 1.5% in related investment covering infrastructure and cybersecurity. Rutte and officials gathered in the Netherlands have stressed that all member states must participate, highlighting that Spain’s hesitation over the steep cost—nearly $90 billion annually—will not exempt it from the pledge. "NATO doesn’t allow for opt-outs or side deals,"
Wednesday, 06/25/2025, Video Clip |
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Wednesday, 06/25/2025, Video Clip |
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