Denmark to Increase Defense Spending above 3% of GDP

Denmark has announced plans to establish a 50 billion kroner fund to elevate its defense spending above 3% of GDP for the current and upcoming year. The fund's objective is to expedite Denmark's military reinforcement and potentially offer further assistance to Ukraine. This surge in spending will mark Denmark's highest allocation in over fifty years, underscoring heightened security apprehensions amidst Russia's regional threats.