Defence Spending

In the wake of the recent NATO summit, European leaders have committed to a landmark pledge: raising defence spending to 5% of GDP. Hailed by its backers as a historic move, the agreement reflects a sharp shift in European threat perception, driven not only by Russia’s ongoing war in Ukraine but also by the renewed pressure from Washington under the return of the Trump presidency. The "Trump effect" has reignited long-standing fears over the reliability of U.S. security guarantees, pushing Europe to take on greater defence responsibilities.   But while the pledge signals a tougher European posture, it raises pressing concerns. Can Europe realistically meet such ambitious targets without undermining the very democratic model it seeks to defend? As defence budgets grow, many fear this could come at the cost of welfare, social cohesion, and democratic checks, exposing the continent to a deeper risk: the creeping militarisation of European politics and the erosion of its democratic dividend.