"Rising Russia-China Threat Spurs $10 Trillion Defense Spending Surge for G7 Nations"
TL;DR Summary
The global rearmament is accelerating, leading to significant financial burdens for western governments already grappling with economic challenges. With defense spending hitting a record high of $2.2 trillion last year, EU nations are just beginning to assess the requirements for 21st-century security amid a resurgent Russia, instability in the Middle East, and the growing Chinese military, which is diverting US focus to the Pacific.
- Russia-China Twin Threat Sees EU, US Face Vast Increase in Defense Spending Bloomberg
- "Bloomberg": rearmament could cost the G7 countries up to 10 trillion dollars in ten years Agenzia Nova
- Western Nations May Face $10 Trillion Defense Spending Surge Amid Russia-China Threat: Report Benzinga
- G-7's $10 Trillion Defense Spending Task to Reshape EU Budgets Bloomberg
- A $10 Trillion Race to Rearm Will Test Budgets Bloomberg
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