During a NATO meeting in The Hague, European Commission President Ursula von der Leyen announced that NATO allies are set to establish new spending targets, aiming to increase defense spending to five percent of their gross domestic product.

Von der Leyen praised a historic spending pledge by NATO, indicating a significant shift in defense spending priorities among member states.

This pledge represents a pivotal shift in Europe's commitment to defense amid evolving global security challenges.

Von der Leyen emphasized the significance of this pledge in the context of European defense and security.

This announcement reflects a growing recognition of the need for enhanced defense strategies among NATO allies.

Overall, this announcement signifies a substantial shift in Europe's approach to defense and military funding.