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Elon Musk has called for the US to exit NATO, echoing sentiments from Donald Trump, who emphasized that the US should not defend NATO allies that do not meet defense spending commitments. As NATO's future is uncertain, European leaders are discussing significant increases in defense budgets, with proposals for up to €650 billion in spending over four years. Under current US law, a president cannot withdraw from NATO without congressional approval.
Elon Musk has advocated for the United States to exit NATO, arguing that it is unreasonable for America to finance Europe's defense. His comments come amid discussions by President Trump about recalibrating U.S. engagement with NATO, emphasizing that allies must contribute financially to their defense. Meanwhile, European leaders are considering significant increases in defense spending, with proposals for loans and budget allowances to bolster military capabilities.
The EU's defense chief proposed a joint borrowing mechanism to fund military spending, aiming to raise €500 billion over the next decade. This initiative would provide loans to member states, allowing them to meet NATO's defense spending target of 2% of GDP through reimbursement.
The new European Commissioner for Defence and Space, Andrius Kubilius, aims to enhance European competitiveness and security in space, focusing on a long-awaited space law expected in 2025. This law will address satellite deorbiting, debris removal, and unify fragmented national regulations. Kubilius also emphasizes the need for increased funding and improved access to space, while maintaining flagship programs like Copernicus and Galileo.
Economy Minister Giancarlo Giorgetti expressed skepticism about meeting NATO's 2% GDP defense spending target, projecting figures of 1.57% in 2025 and gradual increases thereafter. He also indicated potential upward revisions for Italy's 2024 GDP estimates, citing resilient economic performance and rising employment. Additionally, he announced increased funding for the National Health Service and defended the government's support for lower middle-income families amidst union criticism.
The European Union is considering a joint air shield project estimated to cost around €500 billion ($537 billion), as stated by Andrius Kubilius, the nominee for defense commissioner. Member states are currently evaluating financing options and technology choices, balancing proposals that involve both American and European technologies. Kubilius emphasized the need for prudent decisions to ensure the best products while supporting local industries.
Andrius Kubilius
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