Thursday, November 30, 2023

NATO fears the budgetary consequences of the Covid-19 crisis

In just a few weeks, the Covid19 coronavirus health crisis in China has transformed into a health, economic and social crisis in the world, with Europe at its epicenter. European countries, Italy in the lead, but also Spain, France, Germany, the Netherlands and Belgium, continue to see the number of cases of infection and the number of deaths increase, to the point of saturate health capacities, and due to total or partial containment measures, also see their economy at a standstill, while everyone must face very significant exceptional expenses to minimize the underlying social crisis.

It is in this context that Jens Stoltenberg, the Secretary General of the Atlantic Alliance, presented his annual report concerning NATO , by vision conference, due to coronavirus. If the year 2019 showed an almost complete increase in defense spending in the countries of the alliance, and now 9 countries have reached the threshold of 2% of GDP as required since the Cardiff summit in 2014, these are above all the consequences of the coronavirus, not on military capabilities, but on the budgets of the armies, which have focused the concerns of the political leader of the Alliance.

Cardiff 2014 NATO Germany | Military alliances | Defense Analysis
At the Cardiff summit in 2014, NATO members agreed to increase their defense spending to 2% of their GDP by 2025

LOGO meta defense 70 Germany | Military alliances | Defense Analysis

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Fabrice Wolf
Fabrice Wolf
A former French naval aeronautics pilot, Fabrice is the editor and main author of the site. His areas of expertise are military aeronautics, defense economics, air and submarine warfare, and Akita inu.

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