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30-05-2017 10:18 PM
@mikes*corvettes wrote:In 2006 all NATO members agreed to the 2% GDP target.
In 2014 NATO once again pressed for the 2% GDP budget, and countries which fell short of their obligations were given till 2024 to catch up.
So yes France, Germany and Luxembourg have defaulted.
Just more "fake news"
In 2006 at a NATO meeting 2% of GDP was SUGGESTED as a reasonable TARGET to spend on National defence - this was not ratified nor agreed to by a single head of state and was not included as part of the treaty.
In 2014 the question of spending levels was once again raised - again the SUGGESTED level of spending was agreed upon by the majority as 2%. Once again this target was not ratified by the member countries and the Treaty was not amended to include this target.
You can't default on anything unless there is a commitment to default on.
There is a commitment in the Treaty for each country to send an amount, based on their individual GDP, to NATO to finance its infrastructure - not a single member is in default with regard to this Treaty commitment.
Poor old Iceland is often included in the list of so called 'defaulters' - they don't even have an army!