At present, Spain does not meet the minimum threshold of 2% of the national GDP recommended by the alliance, let alone the 5% demanded by Trump. It remains the lowest spender among the 32 NATO members, with just 1.28%.

In Spain, an ‘unprecedented’ housing tax on foreign-owned properties  Spanish Prime Minister Pedro Sánchez said last Wednesday that his government would issue a 100% housing tax on properties bought by residents from outside the European Union.

Spain's prime minister said too many foreigners were buying investment homes. But efforts to discouraging them could hit the economy, experts said.

MADRID (Reuters) - Spanish Prime Minister Pedro Sanchez said he would propose to ban purchasers from outside the European Union from buying properties, as the government seeks to curb rising housing prices, which have become an increasing source of friction.

Spain's Prime Minister Pedro Sánchez said too many people were buying Spanish homes as an investment rather than to live in.

Spain is planning a raft of measures to address its brewing housing crisis, including an up to 100% tax on properties bought by non-European Union residents

Pedro Sanchez said the EU should put an end to anonymity of users in social-media platforms and hold their CEOs personally accountable if they fail to comply with regulations.

Spain is planning to impose a tax of up to 100% on the value of properties bought by non-residents from countries outside the EU, such as the UK. Announcing the move, Prime Minister Pedro Sánchez said the "unprecedented" measure was necessary to meet the country's housing emergency.

EU officials said last week that they ordered ... minor issue of failing to respond properly to information requests. Spain has joined governments around the world that are concerned with the ...

Spanish Prime Minister Pedro Sanchez defended the proposed hike, saying it aims to prevent speculation pushing house prices beyond reach.

Spain’s housing crisis has its roots in Franco’s regime. It did not promote the building of housing for a whole series of self-serving (and some misguided political) reasons. Thus, the stock of housing remained low. While ownership was encouraged, rentals were not.