Spain, historically one of the lowest NATO defence spenders at 1.28%, is now focusing on the EU's 'ReArm Europe' initiative. Prime Minister Pedro Sánchez emphasizes that this arms race could spur economic growth and reindustrialization in Spain, particularly in sectors like satellite communications. Although he confirmed intentions to meet NATO's 2% spending benchmark by 2029, he faces challenges due to insufficient parliamentary majority and opposition from various political factions, underscoring the complexities of enhancing national defence capabilities amid shifting global dynamics.
Pedro Sánchez on Thursday reaffirmed support for the EU's 'ReArm Europe' defence plan, saying the arms race will also provide an opportunity to reindustrialise Spain and the continent.
Spain must take advantage of this opportunity to improve its productive fabric in areas such as satellite communications... we have all the ingredients to be at the forefront.
Sánchez's comments come in light of the current geopolitical context... the great lesson we have to draw from what is happening is that Europe has delegated its defence and security to other actors.
However, his socialist coalition government has had a difficult time passing laws because it lacks a majority in parliament and must rely on several fringe and separatist parties.
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