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Nato leaders agree not to mention World Cup to Donald Trump to avoid irritating him
(www.theguardian.com)
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And that’s basically it!
Russia's threat is real. Whether they need 5% or less could be discussed, but military spending is necessary. Plus if they're smart, that money stays in European's companies, jobs, etc.
Most european countries have embraced neo-liberalism at various paces. If they're short on money, they could tax their billionaires based on their wealth. They don't. No one does, therefore: it's a political ideology to have financial issues and cut through public services, healthcare, social support, etc.