Hommels: Most European nations historically spent 3.5% of GDP on defense
Klaus Hommels · Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings · Nov 27, 2024 · at 35:56
Klaus Hommels is the founder of venture capital firm Lakestar and chair of the NATO Innovation Fund. He addresses European defense spending targets.
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“I commissioned a study, so which, in which I analyzed all this kind of stuff, yeah, and so I clearly came out that in terms of threat, historically, most of the European countries have spent in the vicinity of three and a half percent. Poland is at six or seven. The Baltics are even higher, and Finland is also way higher. So this is actually not a crazy number.”
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