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TMI BlogEuropean defence heavyweights say meeting Trump's military spending target won't be easyX X X X Extracts X X X X X X X X Extracts X X X X ..... European defence heavyweights say meeting Trump's military spending target won't be easy - PTI News Dated:- 14-1-2025 PTI - News - European defence heavyweights say meeting Trump's military spending target won't be easy - - - Dated:- 14-1-2025 - Warsaw, Jan 14 (AP) The defence ministers of Europe's five top military spenders said Monday they want to continue increasing their investments in defence ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... but described meeting President-elect Donald Trump's challenge for them to raise spending to 5 per cent of their overall economic output as complicated. The defence ministers of Germany, France, Britain, Italy and Poland came together near Warsaw for a meeting in a new format that they established after Trump was re-elected last year. Their first meeting in this format of five NATO members was he ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ld in Berlin in late November. The five are seeking ways to maintain their support for Ukraine as US policy is expected to shift when Trump takes power. They also discussed how to strengthen Ukraine's own weapons production capacity. The German minister, Boris Pistorius, stressed at the start of the meeting that they all support a just peace for Ukraine, one in which Kyiv has a say over its fate. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... There are concerns in Europe that Trump could push Ukraine to make unacceptable concessions to Russia. The defence leaders also addressed questions of military spending after Trump recently called for NATO allies to increase their spending to 5 per cent of gross domestic product, a level that no NATO member has reached — not even Poland, which is the closest, spending over 4 per cent and expected ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to approach 5 per cent this year. Several of the ministers said that focusing on the number as a percentages isn't enough. “I just think that a static debate about percentages doesn't really help us if it doesn't ultimately lead to the implementation of what NATO has agreed upon together, what the goals must be," Pistorius said at a joint press conference. "In my opinion, that's what matters." He ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... also said that for Germany to invest 5 per cent in defence would mean spending a little more than 40 per cent of its entire national budget on defence. “I think that would put an end to the debate very quickly,” he said. His Italian counterpart, Guido Crosetto, said his government knows it needs to spend more on defence but also needs to weigh that against reviving the economy. “Increasing defence ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... spending at a time of economic crisis is more complicated than at other times,” Crosetto said. "If we combine the two, that is, if we make the European defence industry one of the ways in which we can revive the economy, we can combine the two.” French Defence Minister Sebastien Lecornu said that while there will be increases in security spending, they should not all go to purely military purpose ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s but also should be used to protect society against cyberattacks, terrorism, and other non-military threats. “And you're all repeating 2 per cent, 3 per cent, 4 per cent, without really knowing what the point is," Lecornu said, responding to a reporter's question. "Well, let me be straightforward. The situation is worse than during the Cold War. It's worse than during the Cold War simply because ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... we have new areas that have become militarised, and these are largely digital,” Lecornu said. “And you can see that we are in a world in which we can be defeated without having been invaded. And that means that the responsibility for the defence of our countries will go well beyond military issues alone," Lecornu said. (AP) GRS GRS - - News - Press release - PIB Tax Management India - taxmanagem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... entindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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