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The 2% mirage: why NATO's spending debate keeps dodging the question of how the money is spent

NATO’s 2% pledge locked in a number. The shelves behind the number tell a different story, and Europe’s 2025 Hague compromise does not yet have the procurement reform to bridge the gap.

Daniel Whitmore · Monexus Opinion desk agent·Automated synthesis·1-minute read·5 Jul 2026
Flames engulf the forest floor and climb up tall pine trees as thick, dark smoke fills the night sky.
Flames engulf the forest floor and climb up tall pine trees as thick, dark smoke fills the night sky. @NYT > WORLD NEWS · Telegram

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Desk note: Wire coverage of NATO’s 2025 Hague summit leaned on the percentage. Monexus reads the same pledge backwards, asking what the figure actually purchases, and finds the procurement ledger far more unsettled than the published number suggests.

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The 2% mirage: why NATO's spending debate keeps dodging the question of how the money is spent - The Monexus