4.7 • 9.2K Ratings
🗓️ 27 February 2025
⏱️ 11 minutes
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0:00.0 | NPR. This is the indicator from Planet Money. I'm Waylon Wong. And I'm Patty Hirsch. In the wake of the Trump |
0:17.0 | administration wrecking crew's visit to Europe two weeks ago, European politicians |
0:21.3 | and bureaucrats are desperately trying to figure out what the future of their relationships |
0:25.5 | with the US look like. The UK Prime Minister is in the White House today trying to get a |
0:29.7 | handle on it. One thing that looks increasingly certain, when it comes to defence, members |
0:34.5 | of the North Atlantic Treaty Organisation, which of course includes a lot of |
0:38.7 | European nations, are going to have to pay more. For years, President Trump has complained that many |
0:44.8 | NATO members have been getting a free ride. Yeah, well, that ride appears to be coming to an end. |
0:50.3 | Trump's envoys signaled not only that they will be insisting on all NATO members meeting their obligations, |
0:56.1 | but they want to see the threshold raised from 2 to 5% of GDP. |
1:00.6 | We're talking about hundreds of billions of dollars being spent by countries that are already struggling economically. |
1:07.0 | On today's show, we'll talk about where all of that money might come from. |
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1:16.4 | Sending or spending money abroad, hidden fees may be taking a cut. |
1:20.5 | With Wise, you can convert between up to 40 currencies at the mid-market exchange rate. |
1:26.0 | Visit wise.com. TNCs apply. |
1:29.7 | Support for NPR and the following message come from Bowling Branch. |
1:33.6 | Change your sleep with the softness of Bowling Branch's 100% organic cotton sheets. |
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1:44.7 | Exclusions apply. See site for details. |
1:49.2 | The hits to America's relations with Europe came hard and fast. First, there was the U.S. |
1:54.5 | Defense Secretary Pete Higzeth telling NATO that President Trump wants them to crank up defense |
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