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Military spending, Italy shakes up: Spain also accelerates to 2%

Italy has given the go-ahead, and the allies are beginning to follow. After Economy Minister Giancarlo Giorgetti's announcement on increasing defence spending to 2% of GDP, Spanish Prime Minister Pedro Sánchez, at the end of the Council of Ministers, announced the approval of the Industrial and Technological Plan for Security and Defence. A [...]

Defense and military spending: Giorgetti wants to reach 2% of GDP without activating the clause

Economy Minister Giancarlo Giorgetti said in Warsaw, on the sidelines of the informal Ecofin, that Italy intends to reach the 2% GDP defense spending target “without activating the national safeguard clause” provided for by the new European Stability Pact. This clause, designed to support countries that need to increase defense investments […]