What Happened
NATO Allies Face Pressure To Boost Defence Spending
The US has criticized European NATO allies for underinvesting in their militaries and relying too heavily on American protection, urging them to boost defence spending to 3.5% of GDP. Speaking at the Shangri-La Dialogue, US Defense Secretary Pete Hegseth praised Asian partners for their increased defence spending and alignment with Washington. European officials, including Germany’s defence minister and NATO’s military chair, reassured that the alliance remains cohesive and committed to shared security in Europe and beyond. This development was reported by Global Banking & Finance Review.