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Can Germany afford a 5% NATO defense spending target?

Upworthy Tuesday, 24 June 2025 ()
Tax hikes and soaring debt might be Germany's new reality, as NATO allies are set to soon face a higher defense spending target. The country in 2024 spent around 2% of its gross domestic product (GDP) on defense, coming in at over 90 billion euros ($104 billion), according to a NATO estimate.…
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Video Credit: euronews (in English) - Published
News video: NATO agrees to 5% higher defence spending target ahead key summit at The Hague

NATO agrees to 5% higher defence spending target ahead key summit at The Hague 01:11

 NATO agrees to 5% higher defence spending target ahead key summit at The Hague This week, allies are expected to commit to spending around 3.5 percent of GDP on "hard defence" that will include weapons and troops and an additional 1.5 percent on defence-related investments such as cybersecurity...

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