Home Breaking News Danish Minister of Economics warns the European Union in the consequences of...

Danish Minister of Economics warns the European Union in the consequences of growing defense costs

10
0

Lucy indicated in an interview with the Uractiv gates, which Europe is already faced with double pressure from American customs duties and intensive competition with China.

Read more

“While the economy around the world testifies to instability, we should quickly increase defense costs,” she said.

She explained: “This is a serious threat to our economy. If we do not accompany these measures with the help of a studied strategy to ensure the sustainability of public finance, I believe that increasing the debt burden can turn into a problem. ”

Earlier, the leaders of NATO countries agreed to increase defense costs to 5% of GDP after the NATO summit, which took place on June 24-25 in the Hague. By 2035, the alliance countries will be devoted to at least 3.5% of the gross domestic product based on the coordinated determination of NATO military expenses, up to 1.5% of the gross domestic product to protect critical infrastructure and networks, to provide civil training and the ability to resist, stimulate innovation and improve the military industrial complex.

Source: News

LEAVE A REPLY

Please enter your comment!
Please enter your name here