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The Roller Coaster Ride of NATO's Defense Spending Increase (Feat. Radmila Shekerinska) - William Spaniel
NATO's spending goal of 5% of GDP appeared to hit a snag earlier this week when Spain announced that it would cap defense allotments at 2.1%. The resulting rounds of negotiations have resulted in an unclear policy that will ultimately go in front of NATO allies at the summit. Today, I spent ten minutes talking to Radmila Shekerinska, NATO's Deputy Secretary General, to try to get a better understanding of what is going on here.
0:00 Complications with NATO's Spending Goal
1:36 What Exactly Is the 5% Target Now?
4:20 Are Allies Promising Money or Materiel?
5:38 Is New Production Focusing on Comparative Advantages or EU Redundancies?
7:41 How to Monitor Compliance
9:44 How to Convince Would-Be Free Riders