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Europe’s vow to Trump to push defence budget to 5% rings hollow

The commitment by Nato’s 32 members to lift their defence spending to 5 per cent of their gross domestic product by 2035 has generated something between shock and awe and a feeling of being plunged into an Alice-in-Wonderland world. Above all, the agreement, which would lift Nato defence spending from an estimated US$1.5 trillion to around US$4.2 trillion over the next 10 years, was an attempt to prevent US President Donald Trump from pulling the United States out of the transatlantic security...


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