Spain’s defence spending, at a mere 1.28 per cent of its GDP, lags behind all other Nato members. While most European Union countries have already reached the target of 2 per cent that was agreed back in 2014, at the present rate of progress Spain won’t get there until 2029.
Such a leisurely approach is no longer tenable. President Trump has proposed 5 per cent as the appropriate benchmark for defence expenditure, Ursula von der Leyen, President of the EU Commission, is demanding urgent rearmament in Europe and Nato is expected to raise the target to well above 3 per cent at its summit in June. Suddenly it looks as though Spain’s procrastination – what might be termed a ‘mañana’ approach to defence spending – risks exhausting the patience of Spain’s allies, especially since Spain currently has the EU’s best-performing economy. ‘Spain is very low,’ Trump said when discussing defence spending last month.
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