Europe's fiscal crisis hammers defense spending
Most European nations are cutting defense spending as they struggle with national debt and the growing impact of the euro crisis. The long-standing NATO recommendation that members spend 2% of GDP on defense will be achieved by fewer countries. Even governments that meet this target will spend less in real terms as economic problems force declines in GDP. Three countries, however, stand out for stable or increased defense spending. One is Poland. The other two are on opposite ends of ...
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