Devil in the details but probably will have forex influence. Will depend on the details of the fiscal response of the the NATO nations.
At present, only by the US, UK, Estonia, Poland and Greece meet this target.
However boosting their defense spending would probably put them in violation of EU budget rules.
Mattis is heading to NATO to tell them to pay up. https://t.co/VZyiLTzN04— Axios (@axios) February 12, 2017