Zürcher Nachrichten - NATO hatches deal on higher spending to keep Trump happy

EUR -
AED 4.329505
AFN 74.270955
ALL 96.412965
AMD 442.829896
ANG 2.109909
AOA 1081.049119
ARS 1621.868228
AUD 1.669117
AWG 2.122015
AZN 2.008805
BAM 1.955049
BBD 2.36909
BDT 143.744783
BGN 1.942405
BHD 0.444229
BIF 3488.260053
BMD 1.178897
BND 1.492727
BOB 8.127878
BRL 6.104378
BSD 1.176248
BTN 106.971909
BWP 15.575017
BYN 3.373004
BYR 23106.384132
BZD 2.365691
CAD 1.613144
CDF 2687.885928
CHF 0.914379
CLF 0.025883
CLP 1021.990551
CNY 8.144706
CNH 8.131873
COP 4349.829098
CRC 561.384355
CUC 1.178897
CUP 31.240774
CVE 110.22266
CZK 24.236994
DJF 209.469536
DKK 7.474449
DOP 72.302227
DZD 153.219144
EGP 56.036475
ERN 17.683457
ETB 183.051984
FJD 2.619805
FKP 0.873342
GBP 0.874585
GEL 3.153597
GGP 0.873342
GHS 12.927034
GIP 0.873342
GMD 86.65348
GNF 10320.035759
GTQ 9.025533
GYD 246.055483
HKD 9.214084
HNL 31.119046
HRK 7.539094
HTG 154.180774
HUF 380.836877
IDR 19879.624744
ILS 3.672942
IMP 0.873342
INR 106.957625
IQD 1541.008052
IRR 49661.042612
ISK 144.993015
JEP 0.873342
JMD 183.279597
JOD 0.835885
JPY 182.758577
KES 151.621757
KGS 103.095009
KHR 4730.182992
KMF 492.779421
KPW 1061.049767
KRW 1703.795257
KWD 0.361521
KYD 0.980223
KZT 587.104475
LAK 25205.317867
LBP 105335.237518
LKR 363.940199
LRD 217.026633
LSL 18.950121
LTL 3.480977
LVL 0.713104
LYD 7.441142
MAD 10.785757
MDL 20.20224
MGA 5034.066261
MKD 61.621329
MMK 2475.325861
MNT 4207.331784
MOP 9.468963
MRU 47.097908
MUR 54.724852
MVR 18.226196
MWK 2039.716483
MXN 20.197696
MYR 4.601281
MZN 75.337468
NAD 18.950121
NGN 1583.471518
NIO 43.283374
NOK 11.229118
NPR 171.155254
NZD 1.968602
OMR 0.452986
PAB 1.176248
PEN 3.951182
PGK 5.130029
PHP 68.327115
PKR 328.738921
PLN 4.222397
PYG 7605.078657
QAR 4.287453
RON 5.100032
RSD 117.374913
RUB 90.365288
RWF 1717.940087
SAR 4.422617
SBD 9.484443
SCR 17.871135
SDG 709.110969
SEK 10.681049
SGD 1.492529
SHP 0.884478
SLE 28.887303
SLL 24720.883013
SOS 671.042232
SRD 44.368388
STD 24400.790813
STN 24.490592
SVC 10.292047
SYP 13038.101319
SZL 18.943723
THB 36.684966
TJS 11.145219
TMT 4.12614
TND 3.415188
TOP 2.838502
TRY 51.671496
TTD 7.961942
TWD 37.181831
TZS 3031.835379
UAH 50.913243
UGX 4234.373448
USD 1.178897
UYU 45.642467
UZS 14365.48178
VES 473.717869
VND 30615.958975
VUV 139.679427
WST 3.200064
XAF 655.705124
XAG 0.013965
XAU 0.000231
XCD 3.186029
XCG 2.119986
XDR 0.815487
XOF 655.705124
XPF 119.331742
YER 281.108453
ZAR 18.909381
ZMK 10611.493248
ZMW 22.272444
ZWL 379.604401
  • RBGPF

    0.1000

    82.5

    +0.12%

  • NGG

    0.0100

    90.28

    +0.01%

  • BCE

    0.2300

    25.8

    +0.89%

  • VOD

    0.1200

    15.65

    +0.77%

  • BTI

    1.0900

    62.08

    +1.76%

  • RYCEF

    0.4000

    18.2

    +2.2%

  • AZN

    -2.2500

    204.2

    -1.1%

  • CMSC

    0.0100

    23.96

    +0.04%

  • RELX

    0.4700

    31.46

    +1.49%

  • RIO

    0.7500

    97.09

    +0.77%

  • GSK

    -0.8444

    59.52

    -1.42%

  • BCC

    -2.2500

    82.13

    -2.74%

  • JRI

    0.0800

    13.13

    +0.61%

  • CMSD

    0.0400

    23.8

    +0.17%

  • BP

    -0.3308

    38.18

    -0.87%

NATO hatches deal on higher spending to keep Trump happy
NATO hatches deal on higher spending to keep Trump happy / Photo: Andrew Harnik - GETTY IMAGES NORTH AMERICA/AFP

NATO hatches deal on higher spending to keep Trump happy

NATO foreign ministers meeting in Antalya from Wednesday will look to forge a compromise deal on ramping up defence spending as allies scramble to satisfy US President Donald Trump's demand to agree to five percent of GDP at a summit next month.

Text size:

The two-day gathering in the sun-baked Turkish seaside resort comes as diplomatic intrigue swirls over a possible meeting across the country in Istanbul between Ukraine's president Volodymyr Zelensky and Russia's Vladimir Putin.

But it will be the internal wrangling over NATO's spending target that dominates the meat of the debate Thursday among foreign ministers with just over six weeks before leaders come face-to-face with Trump in The Hague.

Trump has piled on pressure ahead of the summit by insisting he wants NATO to agree to devote five percent of GDP to defence -- a level no member, including the United States, currently reaches.

The volatile former reality TV star has rattled European allies worried about the menace from Russia by threatening not to protect countries that, in his eyes, don't spend enough.

In a bid to prevent him blowing up the alliance, NATO boss Mark Rutte has floated a proposal for allies to commit to 3.5 percent of direct military spending by 2032, as well as another 1.5 percent of broader security-related expenditure.

That would hand Trump the headline figure he's demanding while giving enough wiggle room to European allies who are struggling just to reach NATO's current spending threshold of two percent.

"Trump will be able claim victory and say that he got NATO to spend five percent," one senior NATO diplomat, talking on condition of anonymity to discuss internal deliberations.

"In reality it will be more complicated than that -- but that will be the essential political message from the summit."

- 'Not a grab bag' -

Diplomats say that Rutte's plan, which hasn't been made public, envisions ratcheting up direct defence spending by 0.2 percent each year over the next seven years until countries hit the 3.5 target.

The other 1.5 percent of more loosely defined spending could include a wide-range of areas including infrastructure, cyber defence, border controls and even support for Ukraine.

Diplomats admit it's a budgetary sleight-of-hand aimed at softening the blow for countries, such as Canada, Spain and Italy, who are still only just limping towards two percent.

They say some countries are pushing for more time to reach the new target and to stretch the broader spending parameters as wide as possible.

But European heavyweights France and Germany seem on board -- especially as Berlin has opened the doors for a major splurge on defence.

And the main thing for now appears the United States is already throwing its weight behind the plan -- making officials optimistic of reaching a deal.

"This new Hague investment pledge or plan is going to include all of the capability targets necessary for NATO allies to deter and defend, but it also includes things like mobility, infrastructure, necessary infrastructure, cyber security," US NATO ambassador Matthew Whitaker said.

"It is definitely more than just missiles, tanks and howitzers, but at the same time, it's got to be defence-related. It is not a grab bag for everything that you could possibly imagine."

- Short and sweet? -

Looming beyond the discussion on money are warnings from the United States that it could look in the future to pull out forces from Europe to focus on the threat from China.

For now Washington says no firm decisions have been taken and it is conducting a review of its deployments worldwide.

"We are having ongoing discussions with our allies to make sure that there are no security gaps," Whitaker said. "We're asking our European allies to be more capable and to be equal partners."

With a deal in the offing on spending, NATO is keen to avoid any other bones of contention potentially spoiling the summit.

There is still no agreement on inviting Zelensky -- who has a rocky relationship with Trump -- to The Hague and it looks likely to depend on where things stand by then with the US push to end Russia's war.

Meanwhile diplomats say there is only likely to be one full session with leaders and a short declaration that avoids thorny issues such as Kyiv's membership push.

U.Ammann--NZN