THE HAGUE, June 25 (Xinhua) -- Member states of the North Atlantic Treaty Organization (NATO) have agreed to raise their defense spending to 5 percent of gross domestic product (GDP) annually by 2035, ...

However, the Governor of the Bank of Spain, Jose Luis Escriva sounded a warning note when the organization reduced its expectations for the growth of Spain's economy by 0.3 percent from 2.7 percent to ...

MADRID, June 19 (Xinhua) -- Spanish Prime Minister Pedro Sanchez has rejected raising military spending to 5 percent of GDP as requested by NATO, describing the proposal as "incompatible," ...