Huge european defense financing gap
Lucian Nemoiu
The European defense financing gap amounts to 850 billion euros, according to two analyses published on the Zerohedge website and using statistical data provided by NATO, the Kiel Institute for the Global Economy and Exante Data. This deficit is caused by the fact that, since the 2014 NATO summit in Wales, when it was established that each member state of the North Atlantic alliance should allocate 2% of GDP to national defense, only a few European states have respected this obligation assumed
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