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Spain and Rutte Locked in a Showdown on Eve of NATO Summit

WATCH: The NATO summit is being held in The Hague against the backdrop of conflicts in the Middle East and Russia’s ongoing invasion of Ukraine. Oliver Crook breaks down the situation and what to expect from the gathering in the Netherlands.Source: Bloomberg

Takeaways by Bloomberg AI

By refusing to agree spending increases to appease US President Donald Trump, Spanish Prime Minister Pedro Sanchez threatens to derail a NATO summit that Secretary General Mark Rutte needs to run smoothly for the sake of the military alliance’s future survival.

On the eve of the gathering in The Hague, things are going off the rails. European officials have expressed irritation at the spoiler role that Sanchez is playing when their number one task is to line up behind a pledge to raise defense spending to 5% of GDP. Rutte needs to keep Spain in line while preventing others like Slovakia from breaking ranks.