Spain’s Economy Minister Carlos Cuerpo discusses the country’s defense spending plans as NATO leaders meet in The Hague for a summit expected to endorse the new investment targets. He tells Bloomberg Television that Spain has estimated what it needs to spend and that this amounts to 2.1% of output and that it will remain a "responsible NATO ally." He also comments on the decision by the Spanish government regarding BBVA’s bid for Banco Sabadell.
00:00 – Spanish Economy Minister on NATO spending, 2.1% of GDP
03:53 – When would be a good moment for Spain to increase defense spending?
05:14 – Prospects of repercussions for Spain if NATO defense spending goals are not met
06:26 – Conditions for BBVA’s taleover bid for Sabadell
09:03 – Potential political ramifications of possible BBVA’s takeover of Sabadell
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