Nato’s billion-euro gamble: Why allies are bracing for war and betting big on defence

AI Summary

NATO leaders are expected to endorse a new defense spending target at a summit in The Hague. Members will aim to spend 5% of GDP on defense by 2035, including 3.5% on core defense (troops, weapons) and 1.5% on broader security investments (infrastructure, cybersecurity). This represents a significant increase from the current 2% target. While some members already exceed 2%, others lag significantly. The target will be reviewed in 2029.