On Thursday, 30 November, the European Defence Agency (EDA) announced in its annual report on defence data that European defence spending increased 6% in 2022, hitting a record €240 billion. This is the eighth consecutive year of growth, but spending should have reached €316 billion if all Member States had adhered to NATO’s guideline of 2% of GDP.
Of the 27 EU Member States, 20 increased their defence spending—6 of which did so by more than 10%. Sweden (+30.1%),...