Next year, a new amount of money will be set for NATO's defense spending. This decision will be made after talks with newly elected US President Donald Trump, states Greek Prime Minister Kyriakos Mitsotakis.

Greek Prime Minister Kyriakos Mitsotakis said the guideline for NATO countries to spend at least 2% of their economic output on defense is “probably history.”Most Read from BloombergReviving a Little-Known Modernist Landmark in BuffaloThe Architects Who Built MiamiNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlife CrisisMexico City to Boost Mobility,

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Hungarian Prime Minister Viktor Orbán has spoken out against increasing defense spending above 2% of GDP. He believes that this will hurt the Hungarian economy. According to him, the Hungarian authorities are concerned about the possibility of increasing defense spending to more than 2% of GDP.