NATO Summit on Defense Spending
This is a Spain news story, published by CNBC, that relates primarily to NATO news.
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defense spending hikeCNBC
•US Politics
US Politics
'Time to get serious on defense': A moment of truth for NATO as leaders seek unity on spending hike

78% Informative
NATO will show on Wednesday whether it can unite on a defense spending hike.
Allies have been corralled, cajoled and pressured to hike their defense expenditure from 2% to 5% of each member nation's gross domestic product by 2035 .
Some countries, such as Canada and Spain , have struggled to meet that threshold.
Spain , the lowest spender as a share of GDP in the alliance, is seeking an opt-out from the new target.
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