Spain reached a deal with NATO to be excluded from a 5% of GDP defense spending target, days before the military alliance's leaders will gather at a summit, Prime Minister Pedro Sánchez said on Sunday.

By Andrew Gray, Sabine Siebold, Lili Bayer and Ana Cantero BRUSSELS/MADRID (Reuters) -NATO members agreed on Sunday to a big increase in their defence spending target to 5% of gross domestic product,

NATO allies have reportedly agreed to hike their defense spending to 5% of gross domestic product (GDP) by 2035. One chart shows what a big ask that is.