Market
What will be the main focus of NATO's June 2025 summit discussions?
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Resolution / Starting Odds
Cybersecurity • 25%
Military buildup • 25%
Defense spending • 25%
Other • 25%
Official NATO summit agendas or press releases
Story
NATO Chief Urges Europe to Boost Defense Spending to 3% Amid Russian Threat
Dec 12, 2024, 10:30 PM
NATO Secretary General Mark Rutte has issued a stark warning to European countries, urging them to significantly increase defense spending in response to the ongoing threat posed by Russia. Rutte emphasized the need for a 'wartime mindset,' highlighting that Russia is preparing for a long-term confrontation not only with Ukraine but also with NATO member states. He stated that the current defense spending target of 2% of GDP is insufficient, suggesting that NATO countries should aim for at least 3% of GDP in defense expenditures. This call for increased spending comes amidst discussions among NATO's 32 members about potentially raising the defense spending target at the next annual summit in June 2025. Rutte's remarks also come in the context of President-elect Donald Trump's demands for Europe to take more responsibility for its defense, with 23 NATO countries already reaching the 2% target. During the Cold War era, defense spending significantly exceeded 3% of GDP, and Rutte warned that NATO must be prepared for cyber attacks and the military buildup by China.
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Conventional military capabilities • 25%
Cybersecurity • 25%
Joint procurement and innovation • 25%
Undersea infrastructure protection • 25%
Increased military presence in Eastern Europe • 25%
Strengthened alliances with non-NATO countries • 25%
Enhanced cyber defense capabilities • 25%
Other • 25%
Nuclear deterrence • 25%
Hybrid warfare • 25%
Conventional military readiness • 25%
Cybersecurity • 25%
Cybersecurity • 25%
Air and missile defense • 25%
Naval expansion • 25%
Ground forces enhancement • 25%
Technological innovation • 25%
Cybersecurity • 25%
Conventional military forces • 25%
Joint operations • 25%
Cybersecurity • 25%
Conventional forces • 25%
Nuclear deterrence • 25%
Space defense • 25%
Diplomatic efforts • 25%
Cybersecurity • 25%
Other • 25%
Military readiness • 25%
Humanitarian support • 25%
Military aid • 25%
Sanctions on Russia • 25%
Diplomatic negotiations • 25%
Strengthened alliances with non-NATO countries • 25%
Increased military presence • 25%
Enhanced diplomatic efforts • 25%
Focus on technology and innovation • 25%
No strategic changes • 25%
Significant strategic changes • 25%
Minor strategic changes • 25%
Other outcomes • 25%
Offensive weaponry • 25%
Air defenses • 25%
Nuclear deterrence • 25%
Cybersecurity • 25%
Space Defense • 25%
Cybersecurity • 25%
AI and Robotics • 25%
Missile Defense • 25%