After decades of underinvestment, the coffers of Europe’s defense budgets are beginning to swell once again, driven by the perceived threat from Russia. Russian President Vladimir Putin’s actions in Crimea and his support of rebels in Eastern Ukraine have been a major catalyst for this unexpected—but widely welcomed—trend reversal. Another is the increase in home-grown extremism and terrorist attacks. According to NATO, defense expenditure in Europe has seen a 3% ...

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