Amer­ica trumps al­lies in de­fense spend­ing

Financial Mirror (Cyprus) - - FRONT PAGE -

Be­fore leav­ing for Greece on his last over­seas trip as U.S. Pres­i­dent, Barack Obama sought to re­as­sure wor­ried Euro­pean NATO part­ners as to Amer­ica’s com­mit­ment to the North At­lantic Treaty Or­gan­i­sa­tion. Dur­ing his fe­ro­cious cam­paign pres­i­den­t­elect Don­ald Trump had lashed out against the Euro­pean al­lies for not shoul­der­ing their fair share in de­fense spend­ing to sup­port NATO. In­deed, the Unites States out­spends all its al­lies when it comes to the mil­i­tary, as the graphic shows. In con­trast, many na­tions in NATO have lagged in their de­fense spend­ing – fail­ing to meet the pledged 2% of GDP. This will likely be one of the top­ics set to be dis­cussed at the meet­ing of EU de­fense min­is­ters in Brus­sels on Tues­day. The Greeks have the sec­ond high­est de­fense ex­pen­di­tures of NATO coun­tries cal­cu­lated as a per­cent­age of gross do­mes­tic prod­uct in 2016. Europe’s eco­nomic pow­er­house Ger­many is for his­tor­i­cal rea­sons a de­fense ex­pen­di­ture dwarf. (Source: Statista)

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