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At the Ankara Summit, Europe gears up its defence spending
['George M. Mangion', 'The Writer Is A Partner In Pkf Malta', 'An Audit', 'Business Advisory Firm.']
The Malta Business Weekly
According to NATO data on defence expenditure, Germany, Poland, and the Baltic states are leading in defence spending in Europe.
It is a Germany-led multinational framework launched in October 2022 to strengthen Europe’s ground-based air and missile defence capabilities through joint procurement and coordination.
The primary goal is to create a multi-layered, integrated European air defence network that fills capability gaps, enables faster and more cost-effective acquisitions, and reinforces NATO’s Integrated Air and Missile Defence system.
In conclusion, the Ankara Summit this year demonstrated beyond doubt that NATO remains resilient despite recent disagreements among its members.
Europe is gradually evolving into a stronger and more capable security actor within NATO, contributing to collective defence and thereby reinforcing the Alliance.