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00:00Good morning, it is a real pleasure to welcome Pete Hexhead again today to NATO.
00:09We had a wonderful dinner last night.
00:11We discussed a lot of things, obviously defence spending, clearly we have to do more, we have
00:17to ramp up defence spending because we know we cannot protect ourselves four or five years
00:23from now if we don't.
00:24And also we need to ramp up defence spending because it is clear that the US rightly requires
00:30us to do more here on the European side and the Canadian side of NATO.
00:35It's only fair, it's only sensible.
00:37We also will discuss defence industrial production because we simply do not produce enough.
00:43This is including the US and up to and including Turkey and everything in between.
00:47We need to really get more output from our huge defence industrial base to keep up with
00:54Russia, the Chinese and others.
00:56And then during the lunch we will of course discuss Ukraine, what happened yesterday of
01:01course here in the meeting and also coming out of the White House will lead to debate.
01:05But there is a clear convergence emerging and I'm very happy about this.
01:08And the convergence is, one, we need peace in Ukraine.
01:11Two, we have to make sure that Ukraine is in a position of strength.
01:16And three, as you Pete said yesterday, we can never ever, ever again have a Minsk three
01:21situation where a peace is not durable.
01:24So collectively we will work on that, we will discuss this amongst the Allies, I look forward
01:28to that.
01:29Pete, again, welcome to NATO, welcome on board.