Prime Minister Pedro Sánchez says that Spain reached a deal with NATO to be excluded from a 5% of GDP defense spending target

The success of a key NATO summit next week is hanging in the balance. Spain has announced that it cannot raise the billions of dollars needed to meet a new defense investment pledge.

Spain agreed with the NATO military alliance to be excluded from spending 5% of its gross domestic product on defence, Prime Minister Pedro Sanchez said on Sunday. "A 5% spending would be disproportionate and unnecessary,