[HIGHLIGHTS] European NATO countries and Canada increased military spending by $600 billion

European NATO countries and Canada increased military spending by $600 billion. In 2024, European NATO countries will spend $380 billion on defense, which will amount to 3% of their total GDP.

German Chancellor Olaf Scholz said that Germany will achieve the NATO target of spending 2% of GDP on defense for the first time in 2024. Also, German Foreign Minister Annalena Bärbock expressed the opinion that it is necessary to create a single defense alliance within the European Union.