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NATO Pledges to Spend at Least 2% of GDP on Defense
NATO allies have agreed to a new pledge to spend at least 2% of GDP on defense, firming up the alliance’s previous goal to “move toward the 2% guideline.” Representatives of the North Atlantic Treaty Organization’s 31 member states agreed to an enduring commitment to invest at least 2%, according to people familiar with the matter. The allies are due to stress more defense spending is needed, they said. The pledge is set to be signed off by NATO leaders when they meet for their annual summit in Vilnius July 11-12. They are also slated to agree to a package of long-term support for Ukraine, including efforts ... (full story)