defence spending

World economy 1st July 2025

Europe fears Spain’s stance on defence spending could be stumbling block in trade talks with US

Norbolsa | Spain’s lack of commitment to increasing defence spending as agreed with NATO opens up another rift in EU-US relations. Trump threatens to double tariffs on Spain for failing to meet its defence commitments. With trade agreements in place, it seems unlikely that tariffs could be imposed on a member state, but there is a risk that they could impact the country’s most sensitive goods, including oil, wine and…

Forty years of Spanish constitution: What's next?

In Spain 25th April 2025

NATO corrects Sánchez and demands additional €3 billion in defense spending

NATO yesterday once again pointed to Spain as the member of the Atlantic Alliance that makes the lowest investment in defense relative to the size of its economy. In fact, the organization’s annual report indicates that the country’s military spending closed 2024 at 1.24% of its GDP, compared to the 1.4% outlined in the government’s rearmament plan. The figure increases the outstanding gap to reach the commitment of 2% of…

In Spain 23rd April 2025

Sánchez increases defence spending by €10 billion with no budgets and bypassing Parliament

Pedro Sánchez announced yesterday that Spain will increase its military spending by €10 billion this year, although only 20% of that figure will be allocated to the purchase of equipment and materials, while 35% will go to raising the salaries of the military. With this increase, Spanish spending on security and defense will reach 2% of GDP this year, totaling more than €33 billion. Sánchez thus contradicts himself, once again,…

In Spain 11th March 2025

PSOE’s partners in Government refuse to increase military spending

The parties belonging to Sumar, the far-left coalition that is part of the government led by the PSOE, held a meeting late on Monday afternoon (which extended into the early hours of the night) to try to reach a consensus on the latest mandate from the European Council before the meeting between the second vice president, Yolanda Díaz – leader of Sumar – and the president of the Government. The…

Spanish economy, Spanish Politics 5th July 2022

The Government Will Today Approve Extraordinary Spending Of 1 Billion Euros On Defence. His Podemos Partners Say Sánchez Has Lost His Way

The government will today approve a loan of up to 1 billion euros for the Ministry of Defence, according to El País. A decision that does not have the approval of Unidas Podemos and was not even consulted over with them, according to purple sources. However, government sources specify that “all ministerial departments were informed” in the General Commission of Secretaries of State and Undersecretaries held the previous week. They…

World economy 23rd July 2012

The bursting of the war bubble looms over the defence industry

An unwritten rule seems to warrant that US defence spending is kept immune to the ups and downs of the nation's GDP. The extraordinary dimensions of the current economic downturn, nevertheless, is testing its past resilience to any sort of moderation. Public investment in military affairs has largely been the result of foreign policy and global strategy, government cabinets since 2001 would surely protest from Washington. But a federal deficit…