The Prague Post - Spain defies NATO's 5% goal

EUR -
AED 4.322015
AFN 82.214801
ALL 97.829687
AMD 452.486126
ANG 2.106133
AOA 1079.178973
ARS 1450.462021
AUD 1.804832
AWG 2.121288
AZN 1.995996
BAM 1.953996
BBD 2.375907
BDT 144.346744
BGN 1.95398
BHD 0.44369
BIF 3505.638193
BMD 1.176859
BND 1.498648
BOB 8.131493
BRL 6.380812
BSD 1.176714
BTN 100.425145
BWP 15.585612
BYN 3.850845
BYR 23066.427915
BZD 2.363618
CAD 1.603593
CDF 3395.237477
CHF 0.935197
CLF 0.028536
CLP 1095.05973
CNY 8.432662
CNH 8.441134
COP 4709.376085
CRC 594.251409
CUC 1.176859
CUP 31.186752
CVE 110.164704
CZK 24.637887
DJF 209.536563
DKK 7.461319
DOP 70.424986
DZD 151.961006
EGP 58.019246
ERN 17.652879
ETB 163.306554
FJD 2.635223
FKP 0.862232
GBP 0.863614
GEL 3.201151
GGP 0.862232
GHS 12.178757
GIP 0.862232
GMD 84.147776
GNF 10205.665222
GTQ 9.047724
GYD 246.182733
HKD 9.238146
HNL 30.743358
HRK 7.534011
HTG 154.500653
HUF 398.778532
IDR 19108.652554
ILS 3.941536
IMP 0.862232
INR 100.695194
IQD 1541.463879
IRR 49575.166917
ISK 142.399583
JEP 0.862232
JMD 187.816615
JOD 0.834434
JPY 170.397935
KES 152.026299
KGS 102.916228
KHR 4727.71589
KMF 491.926539
KPW 1059.172417
KRW 1609.114612
KWD 0.359283
KYD 0.980686
KZT 611.110652
LAK 25356.59172
LBP 105432.468591
LKR 353.044083
LRD 235.934199
LSL 20.698792
LTL 3.474957
LVL 0.71187
LYD 6.338149
MAD 10.56175
MDL 19.821701
MGA 5295.111746
MKD 61.478246
MMK 2470.863045
MNT 4217.390708
MOP 9.514136
MRU 46.702886
MUR 52.899816
MVR 18.117969
MWK 2040.51627
MXN 21.946794
MYR 4.982781
MZN 75.27194
NAD 20.698616
NGN 1800.264346
NIO 43.300395
NOK 11.879622
NPR 160.677303
NZD 1.953144
OMR 0.451623
PAB 1.176714
PEN 4.172566
PGK 4.860554
PHP 66.665478
PKR 334.03603
PLN 4.244277
PYG 9377.343179
QAR 4.300784
RON 5.05849
RSD 117.07093
RUB 92.851465
RWF 1691.538433
SAR 4.41369
SBD 9.811381
SCR 16.606629
SDG 706.710603
SEK 11.270922
SGD 1.501619
SHP 0.924826
SLE 26.420386
SLL 24678.140035
SOS 672.479192
SRD 43.996894
STD 24358.596271
SVC 10.296407
SYP 15301.428614
SZL 20.682906
THB 38.300276
TJS 11.443533
TMT 4.130774
TND 3.428464
TOP 2.756322
TRY 47.032918
TTD 7.980565
TWD 34.167267
TZS 3106.906389
UAH 49.074696
UGX 4221.103231
USD 1.176859
UYU 47.226803
UZS 14776.359004
VES 128.834826
VND 30772.497813
VUV 139.373498
WST 3.050427
XAF 655.352003
XAG 0.032047
XAU 0.000355
XCD 3.180519
XDR 0.815048
XOF 655.352003
XPF 119.331742
YER 284.97608
ZAR 20.836927
ZMK 10593.143581
ZMW 28.505685
ZWL 378.947978
  • CMSC

    0.0900

    22.314

    +0.4%

  • CMSD

    0.0250

    22.285

    +0.11%

  • RBGPF

    0.0000

    69.04

    0%

  • SCS

    0.0400

    10.74

    +0.37%

  • RELX

    0.0300

    53

    +0.06%

  • RIO

    -0.1400

    59.33

    -0.24%

  • GSK

    0.1300

    41.45

    +0.31%

  • NGG

    0.2700

    71.48

    +0.38%

  • BP

    0.1750

    30.4

    +0.58%

  • BTI

    0.7150

    48.215

    +1.48%

  • BCC

    0.7900

    91.02

    +0.87%

  • JRI

    0.0200

    13.13

    +0.15%

  • VOD

    0.0100

    9.85

    +0.1%

  • BCE

    -0.0600

    22.445

    -0.27%

  • RYCEF

    0.1000

    12

    +0.83%

  • AZN

    -0.1200

    73.71

    -0.16%


Spain defies NATO's 5% goal




Spain has recently taken a bold stance by rejecting the North Atlantic Treaty Organization's (NATO) proposal to increase defense spending to 5% of its Gross Domestic Product (GDP). This decision has ignited debates across the international community, questioning Spain's dedication to NATO and the alliance's future defense strategies.

Background of the proposal
At a recent NATO summit held in The Hague, member states deliberated a significant proposal to elevate defense spending to 5% of GDP by 2035. Championed notably by the United States under President Donald Trump, this increase aimed to counter escalating security threats, particularly from Russia. However, Spain, under the leadership of Prime Minister Pedro Sánchez, has firmly opposed this target, highlighting a clash of priorities within the alliance.

Reasons for Spain's rebellion
Spain's economy faces challenges with a high debt-to-GDP ratio and persistent budget deficits. Committing to a 5% GDP defense spending target would necessitate severe cuts in critical sectors such as healthcare, education, and social welfare. Prime Minister Sánchez has labeled this potential shift as "unreasonable and counterproductive," stressing that it could destabilize Spain's economic recovery and social cohesion.

Strategic perspective
Geographically distant from Russia's borders, Spain perceives less immediate threat compared to Eastern European NATO members. This distance influences Spain's defense priorities, leading Sánchez to argue that Spain can fulfill NATO's capability requirements efficiently without adhering to the proposed spending hike. He advocates for resource allocation based on strategic necessity rather than a uniform percentage.

Reactions and repercussions
Spain's stance has elicited mixed responses. Within NATO, some member states and U.S. officials have voiced concerns, suggesting that this could undermine the alliance's collective defense strength and signal vulnerability to adversaries. President Trump has even hinted at retaliatory measures, such as imposing higher tariffs on Spanish exports.

Conversely, Spain stands firm, proposing a more tailored approach to defense contributions. Sánchez suggests that NATO should assess member contributions based on specific defense needs and capabilities, promoting fairness and flexibility across the alliance.

Broader implications
This rebellion underscores a growing rift within NATO regarding defense spending priorities. It challenges the alliance to reconsider how it measures and distributes defense responsibilities, balancing collective security with the diverse economic realities of its members. Spain's position could prompt a broader dialogue on adapting NATO's strategies to contemporary global security demands.

Conclusion of all
Spain's rejection of NATO's 5% GDP defense spending target reflects a complex interplay of economic limitations, strategic considerations, and political resolve. While it has strained relations within the alliance, it also opens the door for NATO to refine its approach, ensuring resilience and unity in addressing future threats.



Featured


Marhabaan, welcome to the UAE and Dubai!

Marhabaan, welcome to the UAE and Dubai! The "skyward striving" Dubai next to ancient desert cities. Mysterious Bedouins and magnificent mosques exist peacefully alongside futuristic cities. Discover wadis and oases, golden sandy deserts, paradisiacal beaches and Arabian hospitality. The modern and the ancient Orient united in a book for dreaming.On this journey to Dubai and Abu Dhabi in the United Arab Emirates, the fairy tales of 1001 Arabian Nights meet the modern Arab world. These cascading cities enchant with their sky-high skyscrapers, fragrant souks, huge shopping centres and the ancient cultural heritage of the sheikhs.You can choose to stay in 4- or 5-star hotels with breakfast and swimming pools. You also have more options to book excursions so you can feel the magic of the East even more. If you want to do something out of the ordinary, you can spend an extra night in an enchanting hotel in the middle of the emirate's desert. Experience your own fairytale from 1001 nights and look forward to a holiday with plenty of casual extravagance in two superlative desert cities!

Trade and business at the Dubai Gold Souk

If Naif Deira is associated with a specific context, organization, or field, providing more details could help me offer more relevant information. Keep in mind that privacy considerations and ethical guidelines limit the amount of information available about private individuals, especially those who are not public figures. The Dubai Gold Souk is one of the most famous gold markets in the world and is located in the heart of Dubai's commercial business district in Deira. It's a traditional market where you can find a wide variety of gold, silver, and precious stone jewelry. The Gold Souk is known for its extensive selection of jewelry, including rings, bracelets, necklaces, and earrings, often crafted with intricate designs.Variety: The Gold Souk offers a vast array of jewelry designs, with a focus on gold. You can find items ranging from traditional to modern styles.Competitive Pricing: The market is known for its competitive pricing, and bargaining is a common practice. Prices are typically based on the weight of the gold and the craftsmanship involved.Gold and More: While gold is the primary focus, the souk also offers other precious metals such as silver and platinum, as well as a selection of gemstones.Cultural Experience: Visiting the Gold Souk provides not only a shopping experience but also a glimpse into the traditional trading culture of Dubai. The vibrant market is a popular destination for both tourists and locals.Security: The market is generally safe, and there are numerous shops with security measures in place. However, as with any crowded area, it's advisable to take standard precautions regarding personal belongings.Gold Souk is just one part of the larger Deira Souk complex, which also includes the Spice Souk and the Textile Souk. It's a must-visit for those interested in jewelry, and it reflects the rich cultural and trading history of Dubai.

Dubai: Amazing City Center, Night Walking Tour

During this excursion, we leisurely explore Dubai Downtown and Burj Khalifa in the evening, giving you the chance to witness the captivating transformation of the district as it comes alive with the vibrant glow of thousands of lights. As the sun sets, the illuminated facade of Burj Khalifa and the enchanting Dubai Fountain collaborate to produce a genuinely magical atmosphere.Dubai Downtown, also known as Downtown Dubai, is a distinguished and iconic district situated in the heart of Dubai, United Arab Emirates. It is a renowned neighborhood celebrated for its striking architecture, luxurious living, and exceptional entertainment options. At the core of Downtown Dubai stands the Burj Khalifa, a towering skyscraper that holds the title of the world's tallest man-made structure and serves as an emblem of modern Dubai.Burj Khalifa: The focal point of Downtown Dubai, Burj Khalifa, is famous for its groundbreaking height, reaching an impressive 828 meters (2,722 feet). Designed by architect Adrian Smith, its distinctive Y-shaped design encompasses a mix of residential, commercial, and hotel spaces.Dubai Mall: Adjacent to Burj Khalifa is the Dubai Mall, one of the largest shopping malls globally, featuring an extensive array of retail outlets, from high-end boutiques to international brands. The mall also provides various dining options, and entertainment attractions like an indoor ice rink and an aquarium, and hosts the mesmerizing Dubai Fountain.Dubai Fountain: Located just outside the Dubai Mall, the Dubai Fountain is a captivating attraction that presents a nightly spectacle of water, music, and light, captivating visitors with its perfectly synchronized performances.Emaar Boulevard: Stretching through Downtown Dubai, this boulevard is adorned with restaurants, cafes, and shops, making it a popular spot for leisurely strolls, dining, and people-watching.Luxury Living: Downtown Dubai boasts numerous upscale residential buildings and hotels, making it an appealing locale for those seeking a sophisticated urban lifestyle.Cultural Attractions: The Dubai Opera, an iconic cultural venue within the district, hosts a diverse range of performances, including opera, ballet, concerts, and theater productions.Transportation: Downtown Dubai is well-connected through public transportation, including the Dubai Metro, facilitating easy access to other parts of the city.In summary, Downtown Dubai is a dynamic and vibrant district that stands as a testament to Dubai's modernity and grandeur. It seamlessly combines architectural wonders with shopping, entertainment, and cultural offerings, creating a truly extraordinary destination.