Good morning from the Financial Times.
Today is Wednesday, July 1st, and this is your FT News Briefing.
The head of NATO says Europe's rearmament is good for the U.S.
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Plus, investors and Indonesians are growing impatient with President Prabowo Subianto.
If the currency weakens significantly, then we could see more social unrest.
I'm Mark Filippino, and here's the news you need to start your day.
Mark Ruta says NATO is doing good things for the American economy.
Secretary General of the Alliance spoke to the FT recently.
195,000 jobs being supported by EU and Canadian, European
and Canadian investments in the defense industry base in the U.S.
He says those jobs are supported through $300 billion in arms orders.
Ruta visited the White House last week to address America's frustrations with NATO.
President Donald Trump has criticized allies for not being supportive enough during the U.S.
War with Iran, especially the ones that didn't let American warplanes use their airspace or military bases.
What I sense generally in the U.S.
Is disappointment when it comes to what I would say are isolated cases where Europeans
did not always fulfill what was bilaterally agreed previously when it comes, for example, to basing agreements.
NATO will hold a leader summit in Turkey next week.